China Subsidizes Alternative Energy Autos

China plans to subsidize purchases of alternative energy vehicles to expand domestic demand, boost the domestic auto industry and reduce emissions according to the Ministry of Finance. For passenger vehicles, the maximum subsidy for a hybrid vehicle will be CNY50,000 ($7300), for a purely electric vehicle CNY60,000 ($8775), and for a fuel-cell vehicle CNY250,000($36500). Subsidies for alternative energy buses will range from CNY420,000 ($61400) to CNY600,000($87,700) per vehicle.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

KACO New Energy - Residential PV Systems - 2.0 - 5.0 KW, blueplanet 2.0 - 5.0 TL1

KACO New Energy - Residential PV Systems - 2.0 - 5.0 KW, blueplanet 2.0 - 5.0 TL1

Small size, light weight, great features, best value! With a line-up of 1-phase transformerless units, KACO new energy will be inaugurating the new "blueplanet" solar PV inverter series. Newly designed and constructed from scratch, the blueplanet TL1 fulfil the highest requirements for optimum use in residential solar power plants.