Is it the response we are waiting for from the West to Chinese expansion in Electric Cars space? Will action in the market place for strategic commodities like Lithium and REE to follow? Will Chinese and Japanese companies finance the Green Mobility revolution for the West or will they hold the keys to the technologies of the future?
"While U.S. spend billions to protect oil communication lines all over the world, China is moving fast into post oil environment dramatically cutting cost of it manufacturing base. China understands that low wage cost advantage will have to give up with time - they need to keep work force happy, but transition in Energy Space will bring China Energy Security, undermine U.S. military machine focused on Oil routes ocean domination and will bring another economic advantage in the form of much lower transportation cost. Nuclear Power developments in China support our point of view. What will be the response from Obama? We all have counted on the banks Too Big to Fail - they have failed and financial system is still in rubbles, now some are counting on "they will lose more if they sell" - is it another Big If in the making? Who can be sure?"
London Evening Standard:
Ministers today committed millions of pounds to bringing about an electric car revolution in London.
Motorists will get grants of up to £5,000 to buy electric, hybrid or other ultra-clean vehicles.
Nearly 7,500 recharging points will also be installed around the capital over three years — 1,600 within 12 months.
Transport Secretary Lord Adonis said: “Decarbonising transport isn't an aspiration — it's a reality. By this time next year, cutting-edge motorists will be on the roads with these next generation cars they've purchased because of our help.”
Mayor Boris Johnson said he wanted London to become the motoring “electric capital of Europe”, with 25,000 recharging points by 2015. This would mean all Londoners would be within a mile of a recharging station.
The Government today allocated nearly £5.5 million for 2010/11 towards a three-year £29 million project led by Transport for London to get people in the capital to opt for electric cars.
Mr Johnson said: “I am absolutely thrilled the Government has recognised the collective commitment to electric vehicle use in the capital.
“We will now be able to speed up plans for the introduction of electric vehicle infrastructure, sealing London's status as the electric capital of Europe.”
Motorists will be able to apply for the grants of up to £5,000 from next year, from a national £230 million fund, to subsidise a quarter of the cost of an electric car, a hybrid with CO2 emissions of below 75g/km or a hydrogen fuel cell vehicle. They will be paid to the manufacturer."