VW has serious ambitions for China, yesterday announcing that they’ll be aiming to sell 10,000 electric cars in China between 2014 and 2018. That’s a relatively modest goal considering that China is the worlds largest car market and that Nissan managed to sell ~20,000 Leaf electric cars in a matter of months this year.

VW has had a strong China focus for the past 3 decades and was the first overseas automaker to enter the country post-cultural revolution, the VW badge is everywhere on the streets of China, many of the nations Taxis are China built VWs and the brand name has a huge level of respect across the country.

“There is a very strong argument that electric cars are the right move for China, although there are still many challenges, China is making huge investments in renewable energy.” -Karl-Thomas Neumann, president of Volkswagen Group China-

The Chinese built electric car would doubtless me a small to mid-sized car with a price point designed to be affordable to China’s rapidly growing middle class, the Chinese government is offering huge subsidies for electric cars, as much as $60,000 Yuan ($9,000 USD), making the purchase of an electric car a financially savvy choice for many considering the low cost per mile and immunity to gasoline price hikes.

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Via BusinessWeek