Shanghai has set a goal of producing 100,000 new-energy vehicles in 2012, with output value to hit 30 billion yuan ($4.394 billion), Asia Pulse reported.

Shanghai's new-energy vehicle development plan says that from 2009 to 2012, the municipality will give policy supports to new-energy vehicle and auto-part companies in financing, purchasing, and human resources, and encourage construction of auto-parts production bases for new-energy vehicles.

The city government will also provide incentives for overseas research and development (R&D) centers to incorporate their developments into local production and encourage global automakers to transfer technologies to their Chinese joint ventures.

Over 1,000 new-energy vehicles are expected to run on the super-city's roads during the 2010 Shanghai World Expo. The local government also hopes 5% of the city's vehicles, or over 10,000 units, will be powered by new energy by 2011.

By 2012, local government institutions will buy more new-energy cars for official use. The public transportation, commuter, postal services, sanitation and other sectors will also be encouraged to be equipped with new-energy vehicles.

China's central government is reportedly planning to introduce a purchase tax break for fuel-efficient vehicles and those powered by alternative fuel in the coming year.

Source : internet

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