Mr. Wang and other industry and government officials at the Tianjin conference pointed to what they described as good prospects overall for electrified 'green' cars to become more mainstream. But it remains unclear whether makers of environmentally friendly cars like BYD might get the consumer incentives they are looking for.
One senior Chinese industrial policy maker, speaking at the conference Sunday, pointed to reservations among some Chinese officials about providing consumer incentives to spur electric-car sales. 'Why do we need to provide subsidies and rebates for wealthy private buyers who would be the first in line to buy electric cars? That's a question some of us in the government are asking,' said Chen Jianguo, a senior official at the National Development and Reform Commission, China's main economic planning agency.
Other officials sounded a more enthusiastic note. Wan Gang, China's minister of science and technology, told the conference that electric vehicles provided opportunities for China to 'catch up with and exceed developed countries' in the auto industry.
They are a 'key driver for a new economy' for the world, but an especially strategic area of interest for China, he said. He pointed to the advantage of large deposits within China of lithium and other rare-earth metals that are needed to produce key electric car components, such as batteries and high-power electric motors, and improve their performance.
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