Home / Business / Auto Tools: Save | Print | E-mail | Most Read | Comment
Green vehicles subsidized in Chinese cities
Adjust font size:

The Chinese government has launched a pilot program to subsidize energy-efficient and new-energy vehicles in the public transport sector in 13 cities, the Ministry of Finance (MOF) said Tuesday in a statement.

The ministry said the subsidies would mainly go to 10-meter-long, or above, buses.

The statement was a supplement to an earlier joint statement by the MOF and the Ministry of Science and Technology in January, which said the central government would offer a one-off subsidy for the purchase of mixed-power, electric and fuel-cell vehicles.

The MOF said Tuesday that mixed-power passenger cars would be given subsidies up to 420,000 yuan (US$61,435) each, and electric and fuel-cell vehicles would get subsidies of 500,000 yuan and 600,000 yuan each, respectively.

The pilot program was officially launched Tuesday in 13 cities including Beijing and Shanghai.

Local governments are also required to allocate fund for the building and maintenance of facilities for such vehicles.

The ministries aimed to promote the use of more than 60,000 new-energy or energy-efficient vehicles in public transport, taxi industry, postal and urban sanitary services in those 13 cities within four years.

(Xinhua News Agency February 18, 2009)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- China, US team up for green vehicles
- More Funds for Green Vehicles
- China to Promote "Green" Autos
- 'Green Autos' to Get Recognition

Feb.14, Beijing China Macro-Economy Forecast Spring Annual Conference
Feb.22 - Feb.23, Shenzhen 21st Century China Capital Market Annual Conference
Feb.26 Shenzhen Time Weekly Marketing Awarding Ceremony

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?