Word: nextly
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...size, the day China's per capita GDP is on par with that of the U.S. will be the day that this world collapses, due to depleted natural resources and accelerated global warming. These nations must take active steps toward reducing the effects of their commendable growth within the next 20 years or so. What's the point in getting rich if there is no world left to sustain your life, let alone enjoying your new gains? Yes, China can indeed help save the world: by not walking the same mistaken path that the supposed First World nations have been...
...Detroit) and Volkswagen. But the government in Beijing has made it very clear that it considers electric and plug-in vehicles a priority for Chinese companies, and it's willing to spend. The Chinese State Council announced in January that it would spend $1.6 billion over the next three years to develop alternative fuels, and there's already an $8,800 subsidy for local governments and taxi companies that buy electrics and hybrids - which is more than the U.S. government offers. And China already makes more lithium-ion batteries - the energy-dense technology key to new electric cars - than...
...beating popular foreign brands - and now it has moved into electrics. The company is already selling the F3DM, a $22,000 Volt-style plug-in car with a backup gasoline-powered generator that recharges the battery, and it will begin selling an all-electric car in China in the next few months...
...same thinking lies behind Coda Automotive. The joint venture began after Lishen started producing electric batteries for Miles Electric Vehicles, a small-scale startup founded by former Ralph Lauren executive and philanthropist Miles Rubin. Coda Automotive, Rubin's next project, takes that relationship a step further. The Coda sedan (the body is made by another Chinese auto company, Hafei Motor) will run for about $45,000 when it goes on sale in California in 2010. Coda expects to sell about 2,700 cars in the first year, with an annual sales target of around 20,000. For Coda's Czinger...
...automakers in the U.S. and elsewhere aren't worried about losing the race for the next great technology to the Chinese, they should be. On Aug. 5, U.S. President Barack Obama announced a long-awaited $2.4 billion in government grants to support the manufacture of electric cars and batteries. "I don't want to just reduce our dependence on foreign oil and then end up dependent on foreign innovations," Obama told an audience in the economically depressed state of Indiana. "I want the cars of the future and the technologies that power them to be developed and deployed right here...