20 May '11, 1pm

Beijing Clearing the Way for Massive EV Adoption: A tentative subsidy for purchasing electric vehicles (EVs) fo...

Beijing Clearing the Way for Massive EV Adoption: A tentative subsidy for purchasing electric vehicles (EVs) fo...

The plan was applauded by the automobile manufacturing industry as an opportunity to commercialize EVs. Automakers that have launched EVs including BYD , Zotye and Chery , said that they look forward to Beijing paving the way for the general adoption of such vehicles. At the same time, rising oil prices are stimulating people’s interest in buying electric cars. According to the scheme, Beijing will promote the purchase by individuals of 30,000 EVs cars by the end of 2012, comprising of 23,000 pure electric cars and 7,000 plug-in hybrid cars. The maximum subsidy for the purchase of a plug-in hybrid passenger car has been set at RMB 50,000 (approx. US$7,700), and a pure electric passenger car at RMB 60,000 (approx. US$9,200). In order to support the adoption of electric vehicles , Beijing’s municipal government will subsidize up to 30 percent of the construction cost of char...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

Tweets

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gas2.org 20 May '11, 4pm

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mnn.com 22 May '11, 3am

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enn.com 20 May '11, 8pm

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gas2.org 17 May '11, 2pm

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