Shanghai announces new Green Car subsidies
Published on May 16, 2011 by Tycho de Feijter
On pic mr Lu Xiaochun, deputy director of Shanghai Municipal Science and Technology Commission. He announced new subsidies in the city of Shanghai for green cars. For plug-in hybrid vehicles the max subsidy is set at 20.000 yuan (3078 dollar). For full electric vehicles the max subsidy is set at 40.000 yuan (6156 dollar).
A very large subsidy indeed and together with existing green car subsidies from the central government the total for a full electric can be as high as 100.000 yuan (15.390 dollar). That sort of money could be a reason to get car buyers interested.