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
-
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.
-
About the 2020 Lincoln Aviator
Successful vehicles tend to be those that are available on a global basis, and increasingly, those vehicles tend to be in the SUV segment writ large.
-
Will Alcraft Take Off?
“British electric vehicle start-up Alcraft Motor Company has revealed details of its first car, the high-performance Alcraft GT.