People’s Daily. BYD Auto says it will place its F3DM dual-mode plug-in electric vehicle (earlier post) on sale to individual buyers on 29 March, with the first sales location to be Shenzhen, Guangdong Province. BYD has sold more than 100 units to governments, banks and other institutions since it entered the market at the end of 2008.
However, the price at 149,800 per car nearly doubled the price of cars that run on conventional fuel. BYD dare not to open sales to the personal buyers without the subsidies from government.
...As one of the first 13 cities to implement energy-saving and new energy vehicles, Shenzhen plans to have 24,000 such cars on the road in 2012 and 100,000 cars in 2015. Some insiders expect that the local government in Shenzhen will not rule out offering subsidies for residents buying BYD’s F3DM, so as to improve the development of electric cars. During the Two Sessions in 2010, Li Yizhong, minister of Information and Industrial Technology, said that the ministry was discussing subsidies for new energy vehicles amounting to tens of thousand yuan with the Ministry of Finance. That gives more confidence for Shenzhen government and BYD to grab the opportunity of electric vehicles.