Shanghai Daily. In 2010 and 2011, the Shanghai municipal government plans to offer up to a 20% one-time subsidy to people who buy “new-technology vehicles” that save 15% or more on fuel compared with conventionally powered cars and trucks. The Shanghai Economic and Information Technology Development Commission announced the proposed program.
Buyers of hybrids, all-electric or fuel-cell vehicles will also get a break on some road taxes. Other promotional measures include easier registration and an increase in battery-charging infrastructure.
The maximum compensation for a passenger car will be 20,000 yuan (US$2,923), and the limit for commercial vehicles will be 400,000 yuan. Gas-electric hybrid cars now can cost more than 250,000 yuan.
Shanghai is among the first batch of 13 Chinese cities to offer subsidies to encourage the use and manufacture of new technology vehicles.
By 2011, Shanghai aims for new-energy vehicles to account for 5 percent of its total vehicle output, with an industrial scale of 10 billion yuan and a fleet of more than 10,000 vehicles in trial operation.