In a bid to boost China’s electric and hybrid car industry, the country will begin subsidizing sales of battery-powered vehicles, according to the Wall Street Journal.
China will give buyers of electric vehicles up to 60,000 yuan ($8,800) and buyers of certain gasoline-electric hybrids will receive as much as 50,000 yuan, the Journal Reported.
The pilot program will begin this year in five cities: Shanghai, Hangzhou, Changchun, Shenzen and Hefei. According to the Journal, it’s likely that the subsidies will apply only to vehicles made in China, although that was not yet clear.
Read this article @ http://www.evhub.in/news/37
No comments:
Post a Comment