China to subsidise purchases of green vehicles

June 1, 2010
The Toyota Prius Plug-In Hybrid is displayed during an auto show in January 2010. China said Tuesday it would subsidise purchases of alternative energy vehicles in five cities amid efforts to reduce emissions, save energy and spur the development of green technology.

China said Tuesday it would subsidise purchases of alternative energy vehicles in five cities amid efforts to reduce emissions, save energy and spur the development of green technology.

The government will offer buyers subsidies of up to 50,000 yuan (7,300 dollars) for plug-in hybrid passenger cars and 60,000 yuan for pure , the finance ministry said on its website.

The long-awaited subsidy programme will be trialled in Shanghai, the northeastern city of Changchun, the southern city of Shenzhen and the eastern cities of Hangzhou and Hefei, the statement said.

The government did not say when the trials would begin or how long they would last.

Alarmed by worsening pollution and a soaring reliance on oil, China is pushing green energy technologies, saying it wants sales of such vehicles to account for 10-15 percent of total sales by 2020.

China last year overtook the United States to become the world's biggest auto market.

The government had been expected in January to announce subsidies for vehicles that would make them more affordable for price-sensitive Chinese consumers.

However, reportedly delayed the announcement to seek further input from .

Explore further: New Cost Tool Helps Fleet Managers Evaluate Hybrid Vehicles

Related Stories

New Cost Tool Helps Fleet Managers Evaluate Hybrid Vehicles

August 4, 2005

A new software tool that compares the costs and emissions of hybrid electric vehicles (HEVs) to conventional vehicles is now available for government and business fleet managers interested in reducing fuel costs and protecting ...

Germany wants a million electric cars by 2020

August 19, 2009

The German government unveiled plans Wednesday to get one million electric cars zipping around the country by 2020, offering sweeteners to jump-start national giants like BMW and Volkswagen into action.

Beijing vehicles exceed four million: state media

December 19, 2009

The number of registered vehicles in Beijing topped four million this week, state media reported, meaning a quarter of the 16 million permanent residents in China's capital have a car.

Japan want 50% of new cars green by 2020

April 14, 2010

Japan's Economy, Trade and Industry Ministry has announced a strategy that calls for boosting eco-friendly vehicles' share of domestic new car sales to as high as 50 percent by 2020, from the current 9 percent.

Automakers go 'green' in Beijing

April 28, 2010

Dozens of carmakers are showing off "green" vehicles at the Beijing Auto Show as they position themselves for a hoped-for alternative-energy boom in the world's biggest auto market.

Recommended for you

Facebook ready to test giant drone for Internet service

July 30, 2015

Facebook says it will begin test flights later this year for a solar-powered drone with a wingspan as big as a Boeing 737, in the next stage of its campaign to deliver Internet connectivity to remote parts of the world.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.