Subsidies for saving energy

08:44, January 10, 2011      

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China's government announced at the end of December that it will continue subsidies for energy-saving and new-energy cars.

The government began offering a maximum subsidy of 60,000 yuan for pure-electric cars and 50,000 yuan to purchasers of plug-in hybrids in five pilot cities in June last year.

It also offers a subsidy of 3,000 yuan to buyers of cars with engines smaller than 1.6 liters. The catalog of eligible products includes 272 models from 33 carmakers.

Several other incentive policies expired at the end of 2010, included a sales tax rebate and subsidies for rural car buyers and trade-in cars.

Source:China Daily
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