August 30, 2011
CHINA BACKING AWAY FROM electric vehicle plans: “Beijing appears to be rethinking its singular focus on electric vehicles as a way to reduce fuel consumption and seems ready to revise its alternative-energy vehicle estimates as it becomes increasingly evident that the city’s electric vehicle targets were completely unrealistic. Beijing – and in some ways, the whole of China – had set out to leapfrog conventional engine technology by developing and manufacturing huge amounts of electric vehicles. In particular, the city had hoped its push to develop plug-ins would give it an advantage over the West in electric vehicle technology. But hopes and dreams don’t always jive with reality.” Somebody tell Obama.