Posts Tagged ‘subsidy’
Published on March 8, 2013 by Joey Wang
Beijingers who plan to buy electric cars won’t have to compete for a license plates due to a series of preferential policies for new energy vehicles that will be rolled out soon.
Beijing will unveil policies for electric vehicles in the first half of 2013, including a maximum purchase subsidy of 120,000 yuan (19,296 U.S. dollars) and the option to obtain license plates without participating in the city’s plate lottery, Chen Guiru, deputy director of the Beijing New Energy Auto Development Center, said Thursday.
Published on January 24, 2013 by Joey Wang
Shanghai resident Qian Jun didn’t have to spend a single penny on a license plate for his newly-bought battery electric vehicle (BEV). The electric car cost him 140,000 yuan ($22,498) in total, including a vehicle purchase tax and car insurance. Normally, a domestic BEV costs buyers 200,000 to 300,000 yuan.
Published on January 5, 2013 by Joey Wang
A policy aiming to encourage more local residents to buy energy-saving electric cars – by offering free license plates and rebates – has been unveiled by the Shanghai authorities.
The city’s move comes two years after the central government released detailed subsidy measures to boost the new-energy vehicle market.Under the central government measures, a rebate of up to 60,000 yuan ($9,625) is offered on the purchase price to buyers of battery-powered cars, while the Shanghai municipal government is offering an extra subsidy of up to 40,000 yuan and a free license plate.
Published on November 7, 2012 by Tycho de Feyter
The Roewe E50 EV was launched on the Chinese car market yesterday for 234.900 yuan or 37.600 USD. ChinaDaily reports today that green-car subsidies can get the price down with 100.000 yuan, or 16.000 USD. That leaves a ‘real price’ of 134.900 yuan or 21.600 USD. The E50 suddenly sounds like a much better deal…
Published on June 6, 2012 by W.E. Ning
The southwestern city of Chongqing will subsidize purchases of vehicles made in the city, becoming the first local government to offer such incentives. Consumers will receive as much as 3,000 yuan ($471) per vehicle, but the policy will be limited to models with an engine capacity of less than 1.6 liters.
Published on June 3, 2012 by W.E. Ning
The upcoming Beijing Auto E150EV will get a 120.000 yuan subsidy from the local Beijing government when it hits the Beijing-area car market later this year. Even then, it will still cost around 100.000 yuan while the patrol-powered E150 starts around 60.000 yuan.The E150EV will eventually also be sold in the rest of China, but how much subsidy it will get elsewhere is unclear.
Published on May 17, 2012 by W.E. Ning
The Chinese government has allocated 6 billion yuan ($949 million) to subsidise consumer purchases of fuel-saving cars, Xinhua News Agency reported late on Wednesday, putting a cumulative figure for the first time on the handouts as it moves to cut emissions in the world’s biggest auto market.
Beijing started offering a 3,000 yuan rebate on consumer purchases of small, fuel-efficient cars in June 2010, but has not previously indicated the total cost of the subsidy.
Published on March 22, 2012 by Joey Wang
Taxi drivers nationwide will receive a subsidy of around 300 yuan ($47.50) a month to offset the second hike in fuel prices this year, according to the National Development and Reform Commission.
The government on Tuesday raised gasoline and diesel prices by 600 yuan a ton. As a result, the retail price of mid-grade gasoline will increase by 6 percent and benchmark diesel by 7 percent.
Published on January 9, 2012 by Tycho de Feyter
China will waive sales taxes on electric and fuel cell cars made domestically by firms like SAIC Motor and BYD, the finance ministry said on Dec 31, in its latest initiative to shore up the country’s fledgling green car market.
A total of 49 domestically made models, including the Sail electric car developed by SAIC’s car venture with General Motors and two electric cars that will be made at Volkswagen’s two Chinese car ventures, will be exempted from sales taxes, the ministry said in a statement on its website (www.mof.gov.cn). Read more »
Published on September 19, 2011 by Joey Wang
China will launch a new subsidy policy for energy-saving vehicles next month in a bid to encourage automakers to increase green-technology investment and reduce oil consumption.
Energy-saving cars weighing between 1,205 kilograms to 1,320 kilograms should consume no more than 6.3 liters of fuel per 100 kilometers in order to obtain subsidies as of October 1, the Ministry of Finance said in a statement on its website.