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China approves blueprint for green vehicles

Last Updated: Wednesday, April 18, 2012 - 23:30

Beijing: The Chinese government Wednesday approved a guideline for development of new energy-saving vehicles to ease pressure on the environment.

Electric vehicles will be prioritized in the transformation of China`s auto industry, the government said after a meeting of the State Council Wednesday.

The meeting, presided by Prime Minister Wen Jiabao, noted that the country`s electric and hybrid vehicles will reach 500,000 units by 2015 and five million by 2020, Xinhua reported.

China overtook the US to become the world`s largest auto market in 2009 after selling 13.64 million vehicles that year.

Both car sales and production volume witnessed astonishing growth in 2009 and 2010 before slowing to a 2.4-percent growth rate in 2011.

The country still remains the world`s largest auto market, although in the first quarter of this year, sales fell slightly year-on-year due to a high comparison basis and surging oil prices, according to the China Association of Automobile Manufacturers.


First Published: Wednesday, April 18, 2012 - 23:30

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