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2013 China Electric Vehicle Industry Report Published

China has been pushing the production and adoption of electric vehicles and is set to continue doing so.

By 2012, 25 cities had promoted 27,432 new energy vehicles totally within two years after the subsidy policy was implemented, including 23,032 ones used in public services and 4,400 ones bought by individuals.

In March, 2013, the Chinese Ministry of Finance, Ministry of Science and Technology, Ministry of Industry and Information Technology and Development and Reform Commission reached a consensus, determining to prolong the new energy vehicle subsidy policy by three years.

The new subsidy policy emphasizes two aspects: First, it expands the scope of pilot cities; second, it plans to support energy-saving hybrid models with more subsidies. In addition, the new subsidy policy unifies the subsidies of all regions and changes the situation that subsidies vary from region to region.

Research firm Research and Markets has published a new report studying the Chinese EV subsidy situation.

As new energy vehicles are demonstrated and popularized as well as individuals enjoy subsidies when purchasing new energy vehicles, the Chinese domestic output of electric vehicles still maintains a rapid growth.
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