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China will further push its electric vehicles' development by introducing stimulus policies and sedan and large passenger coach manufacturers will be the first to enjoy the incentives, Mr. Wan Gang, Minister of Science and Technology, made the remarks last Sunday in an auto forum in Tianjin.
According to Wan Gang, China will greatly support the R&D and market application of new energy vehicles such as electrically powered automobiles. Meanwhile, the country will keep imposing stricter emission and gas consumption standards on gasoline-driven cars.
The minister said that China is striving to become a world's leader in vehicle emission control and energy consumption levels. The target has been set to achieve in 2020.
After ten years' efforts, China has formed a distribution of hybrid, electric and battery automobiles. China is now capable of developing key parts used in electric cars. In the coming years, the country will continue its bus-priority strategy and promote the application of electric vehicles in public transport sector.
As the largest electric cars and motorcycles' producer and market, China ranks No. 1 and No.2 in rare-earth and lithium reserves, which are important for the development and manufacturing to the core parts of electric automobiles.
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