China to extend subsidies on electric cars
The announcement was made by China's Finance Ministry, which said that the new scheme would take effect in 2015 once the current scheme ends ‘to preserve policy continuity’.
The measures have been put into place to help put the brakes on the country’s pollution problem.
The current scheme offers subsidies of up to 60,000 yuan (€7,241) for an all-electric battery car and up to 35,000 yuan (€4,224) for a "near all-electric" plug-in vehicle. The plan is to have half a million new-energy vehicles, covering all-electric battery vehicles and heavily electrified "near all-electric" plug-in hybrids, on the road by 2015 and five million by 2020.
Natalie Middleton
Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.
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