View single post by Joe Kelley
 Posted: Fri Apr 3rd, 2009 12:52 pm
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Joe Kelley

 

Joined: Mon Nov 21st, 2005
Location: California USA
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http://www.nytimes.com/2009/04/02/business/global/02electric.html?_r=1&hp

quote:

To some extent, China is making a virtue of a liability. It is behind the United States, Japan and other countries when it comes to making gas-powered vehicles, but by skipping the current technology, China hopes to get a jump on the next.

Japan is the market leader in hybrids today, which run on both electricity and gasoline, with cars like the Toyota Prius and Honda Insight. The United States has been a laggard in alternative vehicles. G.M.’s plug-in hybrid Chevrolet Volt is scheduled to go on sale next year, and will be assembled in Michigan using rechargeable batteries imported from LG in South Korea.

China’s intention, in addition to creating a world-leading industry that will produce jobs and exports, is to reduce urban pollution and decrease its dependence on oil, which comes from the Mideast and travels over sea routes controlled by the United States Navy.

But electric vehicles may do little to clear the country’s smog-darkened sky or curb its rapidly rising emissions of global warming gases. China gets three-fourths of its electricity from coal, which produces more soot and more greenhouse gases than other fuels.


http://seekingalpha.com/article/128372-china-pledges-huge-solar-subsidies

quote:

The Chinese government on Thursday announced what some industry analysts called the most aggressive and generous solar power subsidy in the world, giving Chinese solar companies a big market boost amid a generally gloomy outlook for short-term growth.

China's solar subsidy plan would offer 20 yuan (about $2.94) per watt for solar photovoltaic installations greater than 50 kilowatts. That would essentially cover half the cost of entire installations at today's low solar panel prices, according to an RBC Capital Markets analyst note.