27 Jan '16, 2pm

China To Phase Out Electric-Car Subsidies By 2021, Let 'Market Decide'

Stephen Edelstein 823 views Jan 27, 2016 Venucia E30 (Chinese version of Nissan Leaf electric car), Guangzhou Auto Show [photo: ChinaAutoWeb] Enlarge Photo After years of enthusiastic support, China's national government may soon discontinue its electric-car subsidies. Seeing electric cars as a way to solve the country's serious air-pollution problem, China's local, state, and national governments enacted various generous incentives to entice an indifferent public. And over the past year or so, electric-car sales in China have indeed increased. DON'T MISS: Who Sold The Most Plug-In Electric Cars In 2015? (It's Not Tesla Or Nissan) But the national government has no plans to extend subsidies past 2021, when they are set to expire. Finance Minister Lou Jiwei reaffirmed plans to phase out green-car subsidies in a speech at an industry conference in Beijing Monday, according t...

Full article: http://www.greencarreports.com/news/1102069_china-to-phas...

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