China is preparing a new incentive to encourage automakers and consumers to use electric and hybrid vehicles, inspired by California’s efforts to promote a similar switch. It will include new hybrids and extend to traditional gas-electric hybrids. This initiative is expected to benefit Chinese carmakers, which have stepped up production of traditional hybrids, and increase competition with global rivals.
- Concise headlines. Original content. Timely news and views from a select group of opinion leaders. Special extras.
- Everything you need, nothing you don’t.
- The Weekender: The climate news you need.