Caixin OnlineBusiness & IndustryTop Stories Industry Beijing Sets Subsidies for New Energy Vehicles
11.29.2010 17:29

Beijing Sets Subsidies for New Energy Vehicles

The highest subsidy for hybrid cars will reach 50,000 yuan per unit and 60,000 yuan per unit for pure electric cars
By staff reporter Xu Ming

(Beijing) -- The Beijing municipal government has set up to 60,000 yuan in subsidies per electric vehicle purchase in an aim to encourage the usage of new energy cars in the city.

According to the official People's Daily newspaper, Beijing's pilot subsidy plan for private purchases of new energy vehicles has received preliminary approval from the four central ministries including the Ministry of Finance and the National Development and Reform Commission.

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