Three years ago, the Chinese government unveiled policies to propel sales of all-electric vehicles (ie, ones that can’t use petrol at all) to 500,000 by 2015 and 5m by 2020. But barely 8,000 electric cars were sold last year. Almost all of them went to government fleets. Despite lavish subsidies—in Shenzhen, consumers were offered 120,000 yuan per vehicle—electric cars still cost more than the petrol-powered sort.
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