...China's environmental course will make or break global efforts to coordinate an effective means of controlling greenhouse gas emissions and climate change.Bottom line: it's easy to sound virtuous in a survey. What counts is where you put your money. The world is waiting to see which way China goes.
Further evidence that the center of gravity for green manufacturing may shift to China comes from a new survey by Ernst & Young. Six in ten Chinese respondents said they would consider buying an electric or hybrid vehicle—nearly five times more than those surveyed in the United States, Japan or Western Europe. (Fewer than one in four in the United States say they would consider buying an electric car anytime soon.) Chinese respondents were also much more likely to favor subsidizing local charging stations to make electric vehicles more practical.
Now for a reality check. From Bloomberg comes news today that "Toyota Motor Corp. and Honda Motor Co. dealers in Beijing say they don't have enough sport-utility vehicles in stock to meet demand, while hybrid models are selling at loss-making discounts."Honda sold only 193 hybrid Civics in China last year, making it the company's worst-selling model there, even at one-third off list price. In contrast, Honda has a two-month backorder for its CR-V SUVs.
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