China Encourages Energy-Saving and Alternative-Energy Vehicles
04 March 2009
At the beginning of 2009, China's Ministries of Finance and of Science and Technology jointly issued the Provisional Measures on the Management of Government Subsidies for Energy-Saving and Alternative-Energy Vehicles. These Measures are applicable in 13 large cities selected as pilots.
According to the Measures, the central government will provide a "one-off" subsidy for buying hybrid, electric, and fuel-cell vehicles. At the initial stage, as stated by the Measures, the subsidy will be provided only for vehicles in public service areas, such as public transportation, taxis, cars for government use, city clean-up trucks, and postal service vehicles. A fuel-cell city bus longer than 10 meters that saves 100% of the fuel of a traditional vehicle will receive the highest subsidy, RMB600,000 (about US$87,790). The same size electric bus will receive a RMB500,000 subsidy (about US$73,147). A Belt-driven Starter Generator hybrid passenger vehicle that saves 5% to 20% of the fuel used by a traditional, equivalent vehicle will receive the lowest subsidy, RMB4000.
And the initiative covers almost all of the largest cities in China.The local governments in which the pilot cities are located are also required to allocate
Source : english.chinabuses.com
Editor : July
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