China: draft policy almost ready on electric-vehicle production image

According to a top official with the country’s top planner, the Chinese government is aiming to finalize drafting a new policy before 2015 that would allow new carmakers to also develop and market electric vehicles.

The world’s largest auto market faces serious pollution problems and the officials in the Chinese government have started a concerted fight against the growing threat – including measures that would support the emerging electric vehicle market.

Wu Wei, an official with the National Development and Reform Commission’s department that conducts industry planning and policy drafting, said the NDRC is hard at work to develop the project – mandated by the Chinese cabinet to aid companies that seek to develop new-energy vehicles (the official term for plug-in hybrids, battery electrics and fuel cell powered cars).

The policy changes would allow more players on the growing electric market, such as Wanxiang Group – the Chinese auto parts conglomerate that now owns Fisker Automotive. The company could locally build Fisker NEVs and challenge the likes of Tesla or BYD – traditional automakers. The move to open electric-vehicle manufacturing to firms that are not necessarily carmakers has also been recommended by the China Automotive Technology and Research Center, a state-run research agency that is mandated to help the government draft automotive guidelines.

Via Bloomberg