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Article: CHINA OFFERS FISCAL SUBSIDIES TO BOOST NEW ENERGY VEHICLES.
- Article from:
- AsiaPulse News
- Article date:
- February 9, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Feb 9 Asia Pulse - China's Ministry of Finance has fixed detailed subsidy standards on the purchase of energy-efficient and new energy vehicles and people who can enjoy the subsidies.
The Ministry of Finance and Ministry of Science and Technology jointly issued a circular days ago, deciding to subsidize energy-saving and new energy vehicles in 13 cities including Beijing and Shanghai on a trial basis.
According to the circular, the government will provide a one-off subsidy for the purchase of hybrid, electric and fuel cell vehicles in these cities. It was also required that local financial departments provide certain amount of subsidies for ...