Theres alot of money being distributed for reasearch in lithium and Electric car, grids, pumps and so forth.
Policies for Supporting New Energy Vehicles Around the World
CHINA
In January, 2009, with the “Notice of Promoting the Development of the Energy Saving and Demonstration of New Energy Vehicles,” as well as the “Regulations of the Management of Subsidies for Energy Conservation and Demonstration of Alternative Energy Vehicles,” the Ministry of Finance and Ministry of Science and Technology carried out the “Ten Cities, One-Thousand Vehicles Plan” in 13 cities (including Beijing and Shanghai), in order to popularize energy retrenchment and demonstrate new energy vehicles. The maximum subsidy for the cities using alternative-energy buses will be RMB¥ 500,000, and electric cars will be RMB¥ 60,000. In March 2010, Premier Wen promised the promotion of alternative-energy vehicles, and commitment to political support for strategic industries.
U.S.A.
President Obama’s $825 Billion Stimulus Package provides a premium and loan of USD$ 2 billion for research on power batteries; USD$ 200 million for research on electric vehicles; USD$ 400 million for purchasing alternative energy vehicles for government institutions; USD$ 1 billion for upgrading the national electric grid to support recharging stations for 1 million PHEVs; and USD$ 2,500-7,500 preferential tax for consumers of PHEV up until 2016.
JAPAN
From April 1st, 2009, the Japanese Government carried out the “Green Tax System,” which is applied to electric, hybrid electric, clean diesel, and other approved eco-vehicles defined as “Next-Generation Vehicles.” Various tax-free, preferential benefits are available.
KOREA
Before 2011, USD$ 2.3 billion was spent on research and development of alternative-energy technology. Currently, the Korean Government is planning to spend an additional USD$ 15 billion to assist the purchase of small cars and hybrid electric vehicles.
E.U.
In January 2009, the European Union passed the motion to include vehicle emission and other environmental impact indicators into the requirements of public procurements. Soon after in March 2009, the European Commission provided EUR€ 3.8 billion, followed by a EUR€ 6.8 billion loan to support the development of alternative energy vehicles in the European car industry.
BRITAIN
In 2007, the Holding Tax of Vehicles was modified to levy different taxes based on the amount of CO2 emissions, which range from 0 to 30%. Following this, in April 2009, the British Government issued a 5-year, CO2 Emissions Deduction Plan, where consumers purchasing PHEVs or EVs can get a premium of GBP£ 2,000-5,000.
FRANCE
The French Government carried out incentives for consumers to receive a discount for alternative energy vehicles, stipulating that car owners could receive a subsidy of EUR€ 200-1,000 when replacing an old car by buying a low emissions and eco-friendly vehicle. In turn, purchasing a high-emissions automobile requires a sales tax of up to EUR€ 2,600. Additionally, more charging stations will be built for the public, located in supermarkets and residential districts.
GERMANY
According to the Petroleum Tax Legislation, preferential taxes will be applied to alternative-energy vehicles every year, which will amount to EUR€ 3 billion per year. The German Government provided a subsidy of EUR€ 500 million for HEV research in 2008. In 2009, a EUR€ 50 billion economic stimulus plan was passed, most of which was spent on research and development of electric vehicles, charging stations, and renewable energy.
