China to subsidise purchases of green vehicles

Jun 01, 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: Intel wireless charging in a bowl coming sooner than later

add to favorites email to friend print save as pdf

Related Stories

Automakers go 'green' in Beijing

Apr 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.

Japan want 50% of new cars green by 2020

Apr 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.

New Cost Tool Helps Fleet Managers Evaluate Hybrid Vehicles

Aug 04, 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

Aug 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

Dec 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.

Recommended for you

Team improves solar-cell efficiency

Sep 19, 2014

New light has been shed on solar power generation using devices made with polymers, thanks to a collaboration between scientists in the University of Chicago's chemistry department, the Institute for Molecular ...

Calif. teachers fund to boost clean energy bets

Sep 19, 2014

The California State Teachers' Retirement System says it plans to increase its investments in clean energy and technology to $3.7 billion, from $1.4 billion, over the next five years.

Idealistic Norwegian sun trappers

Sep 19, 2014

The typical Norwegian owner of a solar heating system is a resourceful man in his mid-fifties. He is technically skilled, interested in energy systems, and wants to save money and protect the environment.

User comments : 0