A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

China Renews $9,800 Electric Vehicle Subsidies

We foreshadowed this occurrence a few weeks ago, but now it’s official.
Roewe e50 Electric Vehicle Sold Exclusively in China

Roewe e50 Electric Vehicle Sold Exclusively in China

China has decided to renew its electric vehicle subsidy program for three years.

The original program had expired last December and renewing it never came to a vote.

Now, the decision has been made to renew the 60,000 yuan ($9,800) EV incentive program through the end of 2016.

Excluded from China’s incentive program this time are conventional hybrids. These archaic vehicles, which lag the modern-day plug, are no longer seen as clean enough.

As it probably should be, only plug-in vehicles now qualify for the substantial incentive in China.

Electric buses qualify for up to 500,000 yuan ($81,680 US) and those pesky fuel-cell vehicles (which don’t really exist at the moment in the country) somehow made their way into China’s program and will qualify for up to 500,000, too. We’d be willing to bet none of the fuel-cell incentives will be given out though, as you’d have to be able to purchase a qualify vehicle first.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.