China Has the Policy, America, the Hybrid Technology
The U.S. has a technology advantage in building a mass market for hybrids and electric vehicles, but China has a stronger policy commitment, a University of Michigan professor told the U.S.-China Automotive Conference on Thursday.
"In terms of engineering capability, the U.S. is leading, but China is very fast in adopting the technology," said Jun Ni, professor of mechanical engineering at U-M.
Beginning June 1, the Chinese government offered subsidies of up to $8,800 to automakers for each battery-powered car sold in five of the country's largest cities. Consumers will get receive smaller rebates of 3,000 yuan, or about $440, from dealers. The program is aimed at jump-starting electric vehicle sales, which have been slow to take off in China, now the world's largest automotive market.
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