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China EV Incentive Plan Shifts to Favor Longer-Range Vehicles
China’s central government has adjusted its incentive program for electric cars to reward models with the greatest range, Bloomberg News reports.
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China’s central government has adjusted its incentive program for electric cars to reward models with the greatest range, Bloomberg News reports.
The new plan requires an EV able to travel at least 150 km (93 miles) per charge—up from 100 km—to qualify for any subsidy. All eligible vehicles also must have a battery energy density greater than 105 watt-hours per kilogram.
The new scheme, which took effect on Feb. 12, lowers subsidies for electrics with a range of less than 300 km (186 miles). Vehicles that can travel in electric-only mode for at least 400 km (249 miles) are eligible for a 50,000-yuan ($7,900) discount, up from 44,000 yuan ($6,900) previously.
China also has cut subsidies for electric buses by as much as 50%, Bloomberg says. The news service adds that the central government is trying to eliminate protectionist rules by provincial governments that favor local EV producers.
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