China has begun paying subsidies of up to 60,000 yuan ($8,784) a car to manufacturers of electric and hybrid vehicles on a trial basis in five cities, the Ministry of Finance said Tuesday.
Separately, private buyers of such cars can get a 3,000 yuan ($440) subsidy from dealers, the ministry said in a notice on its Web site.
The subsidies for purchases by private buyers are being paid to manufacturers to "help promote faster technological innovation of automotive technology," it said.
Pure electric vehicles have so far mainly been used in China only for demonstration purposes or in government and corporate fleets. Manufacturers have long …
No comments:
Post a Comment