China Announces Plans to Make 1 Million Electric Vehicles Per Year By 2015

In the long run, China has said that it is hoping to manufacture 100 million new electric cars and buses each year by 2020. The country has pledged to invest more than 100 billion yuan over the next 10 years to make China into the world’s producer of electric vehicles.

While a move towards more fuel-efficient cars is a step in the right direction, China is still heavily dependent on coal for its electricity. While electric vehicles with lithium ion batteries pollute less than their internal combustion engine counterparts, it is imperative that China invest more money in clean energy sources to curtail emissions in the long run.

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