Yes, China is "into" electric personal transportation.
http://qz.com/137518/consumers-the-world-over-love-electric-...
Yes, China has 200 million electric bicycles. At that adoption rate, I would have expected 50 million electric vehicles on the road in the US.
But, the USA appears to be in love with the car. China has 128 cars/1000, USA has 809 cars/1000.
For a great many people, the electric bike would be a great transportation option -- cheap and clean. However, there is no way to compete with China in manufacturing these.
The only hope the USA has is Tesla.
For this reason, I would expect subsidies! USA manufacturing, possible exports, and a cleaner environment.
I personally use an electric bike, for which I received no government rebate... but, I don't have to pay for gasoline, or insurance, so I come out ahead anyway.