China Offers Subsidies For New-energy Vehicles
2009-02-19 Source：english.chinabuses.com
China has been working very hard in the past few years to alter its reputation from being a mass polluter, to being an international green activist. First it was the mass Beijing clean up operation for the Olympics, then the investment of 175 billion in a country wide clean up, the closure of dirty coal power plants, and finally, the launch of subsidies to the buyers of new energy vehicles.
The subsidies are available for 13 cities, as part of an experiment before rolling the policies out nationwide. The cities that stand to benefit from the policies are Shanghai, Beijing, Chongqing, Changchun, Dalian, Hangzhou, Jinan, Wuhan, Shenzhen, Hefei, Changsha, Kunming and Nanchang.
The subsidies will be available for private buyers, as well as governmental departments that buy energy saving buses, coaches, and other public transport vehicles. To qualify for the subsidy, hybrid cars must reach an energy saving goal of 5% or higher, whilst the requirements of coaches and buses are set at 10% or higher. In addition, the batteries of the hybrid vehicles (both private and public use vehicles) must last for a minimum of three years, or 150,000km before needing maintenance, or replacement.
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