China Considering Rebates of Up to $7,300 for Alt-Energy Cars
15 March 2009
Caijing.com.cn. The government of China is considering providing rebates of up to 50,000 yuan (US$7,300) to buyers of cars powered by alternative technologies, Industry and Information Technology vice minister Miao Wei told Caijing in an interview 12 March. Covered vehicles would include those powered by biofuels, electricity and hybrid systems.
The proposed rebates will range between 10,000 to 50,000 yuan ($US1,500-$7,300) depending on the energy efficiency of the cars, according to Miao, who formerly was president of Dongfeng Motor Corp., China’s third-largest automaker.
The reimbursement plan is being drafted by the Ministry of Industry and Information Technology and the Ministry of Science and Technology, which plan to release a scheme for classifying cars by energy efficiency in two months, Miao said.
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