Shanghai's new energy boom
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Shanghai's output of new energy cars will reach 30 billion yuan (US$4.41 billion) by 2012, authorities said yesterday.
It will also build 25,000 charging stations for battery or hybrid vehicles by 2012, said Wang Zhe, of Shanghai's new energy automobile promotion office at the International Forum on Chinese Automobile Industry Development.
"With government support in purchasing, R&D and infrastructure, Shanghai will be able to produce 100,000 new energy vehicles every year, including 60,000 passenger cars by 2012," Wang said.
The city is applying to the National Development and Reform Commission for additional subsidies for private buyers of new energy cars.
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