China To Spend 315 Mln Yearly On Alternative-Energy Cars
From Businessweek
China’s government will spend as much as 2 billion yuan ($315 million) a year to develop alternative- energy vehicles to reduce fuel consumption, the finance ministry said today.
The government will also promote using buses with hybrid engines in major cities, Vice Finance Minister Zhang Shaochun said in a statement on the ministry’s website. Agencies and companies that provide public services, such car-rental firms, will be encouraged to use alternative energy vehicles in 25 trial cities, Zhang said.
