While the United States argues over failed cap and trade legislation, China continues to think strategically about developing new clean energy industries. In this week's installment of "China dominating the U.S. in the clean energy race": Electric Vehicles.
Via Automotive News China:
The central government's real goal is to help key domestic automakers leapfrog their foreign competitors in the race to develop advanced powertrains.
According to China specialist G.E. Anderson, China is less concerned about the proliferation of EVs in China than the proliferation of Chinese EVs around the world. This is why the cities that China has chosen for its pilot EV consumer subsidy scheme are all cities that have automotive companies with EVs and hybrids that will soon be brought to market.
Somebody should probably wake the Sleeping Giant.
