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Beijing to Offer Electric-Car Incentives Soon, Official Says

Beijing will match a 60,000-yuan ($9,640) central government subsidy for electric vehicles, accelerating efforts to spur sales and reduce smog in one of the most heavily polluted cities in China.
The Beijing government will soon announce measures that include the financial aid, which will be on top of the amount offered by the central government, Chen Guiru, deputy head of the local government arm in charge of alternative-energy- vehicle development, said in an interview today at a conference in Hainan, China.
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The Denza concept electric vehicle, a joint venture between Daimler AG and BYD Co. Ltd., is displayed at the auto show in Beijing, China. Photographer: Nelson Ching/Bloomberg
China, home to 16 of the world’s most polluted cities, is bolstering incentives for electric vehicles as deliveries fall behind levels needed for the country to reach cumulative deliveries of 500,000 units by 2015 and 5 million by 2020 — as targeted by the government. Sales aren’t catching on because of the lack of infrastructure and as electric cars are too expensive, according to Bloomberg New Energy Finance.
As a further incentive, EV owners will avoid having to buy a license plate via an auction in Beijing as required for regular gasoline cars, Chen said.

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