Photo: hybridcars.com
The Chinese government is considering increasing subsidies for hybrid and fuel-efficient vehicles in order to persuade motorists to buy more alternative-powered cars.
Speaking to reporters at the National People' Congress, the country's industry minister, Miao Wei, said that China need to review its policies in order to sell more hybrid and electric cars. "New-energy vehicles are the future. Fuel-efficient cars are now," said Miao, adding that the government will seek to increase subsidies for hybrids in the first half of 2013.
Despite offering incentives of $9,650 for electric vehicles, $8,044 for plug-in hybrids and $482 for regular hybrids, last year's cumulative deliveries numbered only 12,791 units.
According to its initial cumulative electric car sales forecast, China is expecting as much as 500,000 deliveries by 2015, a target which, obviously, cannot be accomplished under current policies.
Story via Bloomberg
Despite offering incentives of $9,650 for electric vehicles, $8,044 for plug-in hybrids and $482 for regular hybrids, last year's cumulative deliveries numbered only 12,791 units.
According to its initial cumulative electric car sales forecast, China is expecting as much as 500,000 deliveries by 2015, a target which, obviously, cannot be accomplished under current policies.
Story via Bloomberg
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