China Will Subsidize Clean Vehicle Fleets
SHANGHAI -- China's central government will subsidize purchases of clean-energy vehicles for public fleets in 13 cities to help the automobile industry develop green technology, the official Xinhua news agency reported.
The trial scheme will promote the use of electric, hybrid and fuel-cell vehicles by public transport operators, taxi firms and postal and sanitary services in cities such as Beijing and Shanghai, Xinhua quoted a finance ministry statement as saying late on Monday.
Subsidies will be based on the gap in prices between more energy-efficient vehicles and those with traditional engines, Xinhua added. Local governments were asked to allocate money to build and maintain facilities for the green vehicles.
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