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Old Apr 26, 2012, 03:42 PM
Big Foot 48 is offline
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Alarm Bells Continuing!
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Joined Oct 2001
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Chinese Electric Vehicle Efforts

Looks like the Chinese are having growing pains with their EV efforts.
China's leaders are finding it's a lot tougher to create a world-beating electric car industry than they hoped.In 2009, they announced bold plans to cash in on demand for clean vehicles by making China a global power in electric car manufacturing. They pledged billions of dollars for research and called for annual sales of 500,000 cars by 2015.
Today, Beijing is scaling back its ambitions, chastened by technological hurdles and lack of buyer interest. Developers have yet to achieve breakthroughs and will be lucky to sell 2,000 cars this year, mostly taxis. The government has hedged its bets by broadening the industry's official goals to include cleaner gasoline engines.
Interesting that they are trying the subsidy route too.
Beijing's 2009 plan called for world-class electric cars by this year, followed by trucks and buses. To encourage buyers, the government started paying buyers rebates of up to 60,000 yuan ($8,800) per car the following year in five cities including Shanghai.
And it doesn't look like the Volt will be a big seller there:
GM is taking orders for its all-electric Volt in China but expects limited sales due to a relatively high price of 498,000 yuan ($79,000).
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