EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use
Green Car Congress
MAY 13, 2014
Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. Additionally, in 2012 the Chinese Ministry of Finance announced it would provide annual subsidies up to two billion yuan ($323.6 l/100 km) by 2015 and 47 miles per gallon (5.0 l/100 km) by 2020.
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