www.chinabuses.org：China’s Vehicle and Vessel Tax Law, which tax-exempts new-energy vehicles, is expected to churn up demand for, and production of, such vehicles, judging by the five-year plans anounced by automakers. The much-anticipated law took effect on January 1st.The new law offers full tax exemption for pure electric vehicles, fuel cell vehicles and plug-in hybrids. Other types of hybrid vehicles will have their taxes halved.

Analysts say the tax incentives will boost the new-energy vehicle market. Some bus builders have announced their new-energy bus development plans for the next five years. They include:

• Zhengzhou Yutong Bus: The world’s largest bus manufacturer will introduce hybrid electric coaches this year. In 2013, it will start mass producing them.

• Anhui Ankai Automobile: It will boost its capacity for buses to 3,000 units this year. It now has more than 400 pure electric buses on the road, or an 80% market share.

• Zhongtong Bus: It has sold more than 400 new-energy buses. By 2015, new-energy buses will represent one third of its sales. It is building two plants to make up to 30,000 buses annually.

• Beijing's Foton Motor Group: By 2015, the company expects to sell 225,000 new-energy vehicles, accounting for 15% of annual sales.

• Higer Bus: It plans to produce 3,000 pure electric buses by 2015.

• FAW Bus and Coach: It will invest 9.8 billion yuan in its new-energy vehicle operations in the next five years. The company will build eight plants for pure electric, hybrid electric and plug-in hybrid electric passenger cars as well as pure electric and hybrid electric commercial vehicles. It will also develop three new-energy commercial vehicle models.

• Zongda Bus: It plans to sell at least 1,000 new-energy buses annually over the next five years.

• Hengtong Bus: This compressed natural gas (CNG) bus maker aims to realise an annual capacity of 8,000 to 10,000 units over the next five years.  

Source : greenprospectsasia

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