MR market, page-9

China Requires 30% of State Cars Use Alternative Energy

China is mandating that electric cars make up at least 30 percent of government vehicle purchases by 2016, the latest measure to fight pollution and cut energy use after exempting the autos from a purchase tax.

Central government ministries and agencies will take the lead on purchases of new-energy vehicles, a term that China uses to refer to electric vehicles, plug-in hybrids and fuel-cell autos, according to a statement on the central government’s website yesterday. The ratio will be raised beyond 2016, when local provinces are required to meet the target.

http://www.bloomberg.com/news/2014-...vernment-vehicles-use-alternative-energy.html