Mexican Media Brands
China Ponders Expanded EV Incentives
Vice Premier Ma Kai says China may attempt to bolster demand for electric vehicles by reducing or waiving the country's 10% purchase taxes on such vehicles, Bloomberg News reports.
#hybrid
Share
Vice Premier Ma Kai says China may attempt to bolster demand for electric vehicles by reducing or waiving the country's 10% purchase taxes on such vehicles, Bloomberg News reports.
The government has set a goal of putting 500,000 EVs on the road by 2015. But Bloomberg says only about 70,000 have been sold since Beijing launched the initiative five years ago.
Analysts blame the sluggish demand on high EV prices, a lack of local government support and a shortage of charging stations.
Ma says China might use a portion of emission surcharges to help finance electrics. He also has urged local governments to help develop EV rental services.
In February the government said it would delay a plan to phase out subsidies for EVs at the end of 2015.
RELATED CONTENT
-
UPS to Test Electric Delivery Truck
United Parcel Services of America Inc. is partnering with Los Angeles startup Thor Trucks Inc. to test a fully electric Class 6 delivery truck.
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.
-
Toyota Updates Fuel Cell Test Truck
Toyota Motor Corp. unveiled an updated version of its Project Portal fuel cell-powered heavy-duty truck with reduced weight and increased driving range.