Electric Cars For Sale

China will be entering the electric car industry sooner than many of the other electric car companies. A car manufacturer from China has announced that it would be rolling out the country’s first indigenous electric car for sale in the mass market within a month. This means that they would be at least a year earlier than many other companies with similar plans.

The car maker BYD Co. would show reporters its electric car F3DM in Shenzhen. The car runs off batteries and can be easily charged from a standard electrical outlet. It also has a gasoline engine which can generate electricity once the battery has been exhausted. BYD has already started marketing the F3DM to cab operators and other potential fleet customers. The company plans to get it into showrooms in as little as a month. The car is expected to cost around 150,000 Yuan, which would be about $22,000. BYD Co. plans to enter the U.S. market by the second half of 2010.

The Chinese government is supporting the development of electric cars for sale, it plans to provide support by allowing subsidies for research-and-development to auto makers. Consumers can expect tax breaks and other incentives. The government would also be building recharge stations and other public infrastructure to facilitate electric cars.