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China Bypasses Hybrids As It Reinstates Higher EV Incentives

Citing the desire to curtail air pollution, the Chinese central government has approved subsidies for buyers of electric cars and commercial buses while reducing the incentives for hybrids and plug-in hybrids.

If Americans think President Obama’s goal of 1 million EVs and PHEVs on U.S. roads by 2015 is a stretch, and not likely to be met on time, China has an ambitious goal of its own: 5 million electric cars by 2020.

As of the end of 2012, the total in China however was 27,800 EVs.

To spur buyers toward the mark, China will offer $9,800 (60,000 yuan) to EV purchasers, and money available for electric buses could rise to as much as $81,680 (500,000 yuan). Fuel cell vehicles – included for the first time in Chinese incentive policy – could also receive as much as 500,000 yuan in rebates.

This is according to a statement made by the National Development and Reform Commission and finance, science and industry ministries noted in a report by a Bloomberg correspondent in Beijing.

But, says the report, hybrids – seen by some as a needed bridge technology – are essentially getting the short shrift with incentioves of $490 (3,000 yuan) under a different policy plan.


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