• Report
  • Mar 29th 2013 at 10:16AM
  • 4
China, which ended its three-year electric-vehicle subsidy program in December, will resume it as soon as April, Reuters reports, citing BYD chairman Wang Chuanfu.

The head of the China-based automaker, whose biggest shareholder is Warren Buffet, didn't disclose details about the subsidy program, but given that it previously amounted to about $9,700 per vehicle, it's likely to be substantial. As it is, Pike Research has predicted that plug-in vehicle sales would surge about 60 percent per year to about 152,000 vehicles for 2017.

Additionally, Wang said that the all-electric Denza, which it is developing with Mercedes-Benz parent Daimler and which was first announced about a year ago, will go on sale by June 2014. That's about six months later than previously estimated.

Recently, Reuters reported that the Chinese government would enact its first fleetwide fuel-economy mandate for new vehicles, which were projected to be about 34 miles per gallon by 2014 and about 47 mpg by the end of the decade.re-

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    • 1 Second Ago
      • 8 Months Ago
      You would think that a Fuel Economy Mandate would have been the first thing China did.
        • 8 Months Ago
        They already have that. Much stricter than our CAFE standards too.
      • 8 Months Ago
      That picture is so disconcerting with the bad photoshop. Awkward positioned driver-less car barreling down the road.
      Anthony McAdams
      • 8 Months Ago
      at least it doesn't have that me-too cat eye things.
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