Alternative Energy Vehicle Development in China: New Ideas Reported by Adam Roseman

In a recent newsletter, Adam Roseman of ARC China reports that China is looking into becoming one of the largest markets for renewable energy vehicles within the next 10 years.

The goal is to offer tax reductions and exemptions to encourage the development of pure electric vehicles.  Chinese officials from the NDRC, the Ministry of Industry and Information Technology (MIIT) and the Ministry of Commerce (MoFCOM) hope to have a plan to submit to the State Council after receiving feedback from relevant ministries and departments.  MIIT, according to industry experts, has already completed a 2011-2020 draft plan for the alternative fuel vehicle industry.