
China has been actively promoting the use of environment friendly vehicles in recent years. The central government outlined its newest incentive program this September, to push for the use of new energy vehicles in 28 pilot cities. According to the program, buyers of electric cars in these cities can receive up to 60,000 yuan or almost 10,000 US Dollars in subsidies. Those who purchase hybrid vehicles can get subsidies up to 35,000 yuan. Only locally produced vehicles qualify for the subsidies, Chinese CCTV reported. Earlier this year, the government also announced a fund of 4 billion yuan to help manufacturers strengthen new-energy vehicle design, batteries and other related technologies. Last year, Chinese consumers only bought a little over 11,000 electric vehicles, out of total vehicle sales of 19.3 million. The country hopes to have half a million hybrid and electric vehicles on its roads by 2015 and five million by 2020.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor