Electric Cars For Sale

China is striving hard to acquire the position of the ‘leading producer of electric cars in the World’. The country has big plans to provide a major thrust to its economy and ranking in the world. A plug-in electric car called F3DM, produced by the nation is already being promoted in the domestic market with a price tag of $22,000. China plans to have its electric cars for sale in the United States and Europe by the year 2011.

The F3DM offers a great driving experience. AHN News report states that it can run for 62 miles on batteries, and has a small gasoline engine for backup. Chinese drivers won’t be bothered much by the short distance between charges as they use cars mainly for short commutes, and rarely for inter-city driving.

BYD Co., the manufacturer of F3DM, headquartered in the city of Shenzhen has lots of things going in its favor. Warren Buffett, the American billionaire has invested in a 10 percent stake in the company. The Chinese government has offered subsidies of up to $8,800 to taxi fleets and local government agencies on purchase of hybrid or all-electric vehicles. There are also plans to set up new electric car charging stations in Shanghai, Beijing, and Tianjin.

The grand manufacturing plans and solid marketing ideas send a strong signal that China is not too far from becoming the world’s leading producer of electric cars.