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

OMCO Origin® Factory-Direct Trackers

OMCO Origin® Factory-Direct Trackers

A One-In-Portrait (1P) solution for a wide range of solar projects within utility scale, distributed generation (DG), and community solar markets manufactured and factory preassembled in the USA at OMCO Solar with full-scale support, and design for quick, easy and safe installation, and fewer trackers per MW. OMCO makes all structural components with domestic steel and this balanced design allows for more accurate targeting and reduced energy consumption. OMCO Origin® Factory-Direct Trackers include universal module mounts with options for all commercially available modules, labor-saving bearings with 6 adjustable ways to compensate for posts and terrain issues, and foundation solutions for every terrain including OMCO C Piles.