China Considers Expanding Electric Car Incentives to 25 Model Cities

At present, local governments decide the size of electric car subsidies after termination of original central government program that offered subsidies up to 60,000 yuan.

Published: 28-Feb-2013

China is expected to subsidize electric vehicles sold in 25 model cities, expanding from the current five cities, and adopt a unified national subsidy standard, 21st Century Business Herald reported Wednesday citing China Association of Automobile Manufacturers.

"The new subsidy policy for electric vehicles, still under research, will be issued soon, possibly shortly after the two sessions of NPC and CPPCC," said Ye Shengji, deputy secretary general of China Association of Automobile Manufacturers.

The central government's subsidies for electric cars, introduced in 2010, used to be as much as 60,000 yuan ($9,631), but the policy was terminated in 2012.


Premier Wen Jiabao addresses China's General Assembly

China aims to see 500,000 pure electric and plug-in hybrid electric vehicles by 2015 and 5 million by 2020.

 JAC car assembly plan in Hefei, China

Staff at the ministries will drive a fleet of 23 electric cars BYD Co Ltd and JAC Motors.

Roewe E50 retails for between 220,000-240,000 yuans.

Government incentives could save electric car buyers the equivalent of US$16,000 (1000,000 yuan).


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