Houston Community News >>

8/22/2010-- The Chinese government announced last week that it plans to invest up to $14.8 billion (100 billion yuan) over the next ten years to stimulate the production of plug-in hybrid and all-electric cars. The country intends to have 5 million of these vehicles on the road by 2020. That kind of commitment makes the $5 billion that the U.S. government plans to spend in this direction appear as a paltry sum.

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