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.
Featured Product
sonnenBatterie eco
Sonnen's mission is to provide clean and affordable energy for all. As the first mainstream grid tied residential energy storage company in the world and with 24,000 sonnenBatterie systems installed worldwide, sonnen is a proven global leader in intelligent energy management solutions. The all-in-one sonnenBatterie smart energy storage solution easily integrates with new and existing solar installations to help homes manage their energy throughout the day-saving money, providing backup power, and maximizing the effective use of solar power day and night. Sonnen has won several awards for its energy innovations, including the 2017 Zayed Future Energy Prize, MIT's Technology Review's 50 Smartest Companies in 2016, Global Cleantech 100 for 2015-2017, Greentech Media's 2016 Grid Edge Award for Innovation, and Cleantech's 2015 Company of the Year Award in both Israel and Europe.
