Mexican Media Brands
China Extends EV Subsidies
China is stretching out a planned reduction in subsidies for electric vehicles to help control severe air pollution problems in several of its largest cities, Bloomberg News reports.
#hybrid
Share
China is stretching out a planned reduction in subsidies for electric vehicles to help control severe air pollution problems in several of its largest cities, Bloomberg News reports.
Current subsidies will be reduced by 5% instead of 10% this year and 10% instead of 20% in 2015, according to the country's finance, technology, industry and development ministries.
The program currently provides payments as high as 60,000 yuan ($9,900) for an electric car and as much as 500,000 yuan ($82,500) for an electric bus. An analyst tells Bloomberg the main beneficiaries are buyers of electric powered buses, trash trucks and fleet cars.
RELATED CONTENT
-
Startup Readies Solar-Powered EV
Germany’s Sono Motors GmbH says it has received 5,000 orders for its upcoming Sion electric car, which can be partially recharged by it attached solar panels.
-
What the VW ID. BUGGY Indicates
Volkswagen will be presenting a concept, the ID. BUGGY, a contemporary take on a dune buggy, based on the MEB electric platform that the company will be using for a wide array of production vehicles, at the International Geneva Motor Show.
-
FCA Opens the Door to The Future
FCA introduced a high-tech concept vehicle today, the Chrysler Portal, at the event previously known as the “Consumer Electronics Show,” now simply CES.