China’s EV Subsidy

Revenge of the Electric Car

Journal article: China to Subsidize Electric Cars. China to Subsidize Electric Cars. BEIJING—China will subsidize buyers of battery-powered cars and plug-in hybrids under a pilot program aimed at keeping the country competitive in the global race to develop an electric-vehicle industry, but which also risks a public backlash. All-electric e6 vehicles made by BYD charge up in Shenzhen, where the cars are used as taxis.

2010 116

Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

Green Car Congress

The investment consists of an initial investment and additional purchases of CRI equity over a 3-year period. In late April 2015, Geely Auto deployed a first-of-its-kind fleet of 150 methanol-fueled taxis in the southern Chinese city of Guiyang in cooperation with the municipal government. Vulcanol is CRI’s brand name for renewable methanol, produced from CO 2 and hydrogen from renewable sources of electricity (hydro, geothermal, wind and solar).

2015 212