EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use
Green Car Congress
MAY 13, 2014
Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. The Shenzhen government offers one of the highest subsidies for electric vehicles in the country—120,000 yuan ($19,400) per passenger vehicle—reducing the price of such vehicles by more than half.
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