Mexican Media Brands
EV Prices to Jump in China as Subsidies Shrink
The price of electric vehicles in China could jump 25% or more next week when the central government cuts back on subsidies, The Nikkei says.
#regulations #hybrid
Share
The price of electric vehicles in China could jump 25% or more next week when the central government cuts back on subsidies, The Nikkei says.
On Monday, the incentives are scheduled to drop by roughly 50% to 18,000-25,000 yuan ($2,600-$3,600) for electrified vehicles that can travel at least 250 km (155 miles) per charge. Incentives will disappear entirely for hybrids and all-electric models with shorter ranges.
The government program boosted sales of hybrids and all-electric cars 60% to 1.25 million units last year. Central planners, who began narrowing the incentives two years ago, intend to remove them entirely in 2020.
Beijing still aims for sales of 2 million electrified vehicles next year. But The Nikkei cautions that ”inevitable” price hikes will make that goal difficult to achieve.
RELATED CONTENT
-
Toyota Targets 2021 Launch for V2V Tech in U.S.
Toyota Motor Corp. plans to expand its vehicle-to-vehicle communication technology to the U.S. by 2021 and offer it across most Toyota and Lexus models in the country by mid-decade.
-
Daimler Cleared to Test Advanced Robotic Cars on Beijing Roads
Daimler AG has become the first foreign carmaker to win permission to test advanced self-driving vehicles on public roads in Beijing.
-
Study: How States Should Update Traffic Laws for Autonomous Cars
U.S. states should require that all automated cars have a licensed driver on board, suggests a study by the Governors Highway Safety Assn.