Kandi Technolgies Corp (KNDI)

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More good news -

Energy-efficient vehicle plan to be out before June
By Lan Lan (China Daily)
Updated: 2010-05-07 07:56

BEIJING - The long-awaited stimulus plan for new energy vehicles is slated to come out by the end of May, which will boost domestic production of energy-efficient vehicles, said analysts.

FROM THE OFFICIAL RELEASE:

Zhen said small electric cars for short-distance travel may have offer good prospects for incentive qualification. Ouyang Minggao, director of the National Laboratory of Automotive Safety and Energy echoed that view.

"Commercialization of eligible mid- and large-sized electric vehicles is not realistic due to battery restrictions and excess costs. However, small, all electric cars weighing less than 1,000 kilos have great growth potential," Ouyang said.