Chinese Government to Adjust Subsidy Policy of New-energy Automobile
2013-08-28 Source：www.chinabuses.org
Summarize：After the development direction of China new-energy automobile was set, a new round of subsidy policy was exposed.
www.chinabuses.org: After the development direction of China new-energy automobile was set, a new round of subsidy policy was exposed. Media said new change would happen to the policy. The central government might dispatch the funds directly to auto enterprises, and the subsidy would transfer from sales to R&D and innovation.
In order to promote energy-efficient vehicles, the central government used to reduce half of purchase tax or subsidize CNY 3000, stimulating the growth of China auto market.
Due to the lack of mature products, unreliability of new-energy vehicles and high cost, the market suffered from the negativity. That's why the central government would change the subsidy policy and promote the R&D referring to overseas experience.
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