Electric cars China exends EV subsidies beyond 2015 CSMonitor com | Electric Cars and Hybrid Vehicle - Green energy

Electric cars China exends EV subsidies beyond 2015 CSMonitor com

24 Апр 2014 | Author: | Комментарии к записи Electric cars China exends EV subsidies beyond 2015 CSMonitor com отключены
Electric Cars

Electric cars: China EV subsidies beyond 2015

cars will continue to be in China as part of a continuing to jump-start plug-in sales and air polution. Subsidies for electric will continue beyond

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The current of up to 60,000 yuan (about apply not only to pure vehicles, but also to near-electric hybrids, and hydrogencars. However, are not eligible .

These subsidies will be to expire in 2015 as planned, but be replaced with new incentives will preserve policy according to Reuters.

Details of the new will be released later at an date.

In the meantime, China cut the current electric-car incentives by 5 this year, and 10 percent in Bloomberg Businessweek reports. cuts are smaller than anticipated.

Maintaining subsidies will China reach the goal of half a million new-energy battery electrics, plug-in and hydrogen-fuel cell vehicles—on the by 2015, and 5 million by 2020.

An of greener vehicles would solve one of China’s major air pollution.

Last November, the Health Organization (WHO) Chinese outdoor air pollution lung cancer, and increases the of bladder cancer.


Last year, China the first nation to surpass 20 new car sales. and while vehicles are far the only sources of air pollution in the and coal-fired power plants are the sources—there has been considerable pressure to lower emissions.

In addition to the new-energy vehicle the Chinese government has also stricter fuel-economy standards. and to work with the United todraft stricter emissions .

Despite the pollution problem and the of government incentives, Chinese have not shown much for electric cars .

Nonetheless, U.S. electric-car startup Motors is optimistic about the prospects for electric cars in CEO Elon Musk believes could become his company’s market .

The Model S electric luxury doesn’t currently qualify for but Tesla hopes that change.

The car is priced in China at yuan (about $121,000)—compared to its base price of around to taxes and shipping costs.

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