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Industry News

Consumers who buy fuel-efficient cars will receive 3,000 to 60,000 Yuan allowance

Source: Ministry of Finance website Author£ºadmin Hits£º9524 Time£º2010/7/16 8:58:40
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In June 1st, 2010 the Ministry of Finance web site reports:  To speed up the development of automotive industry, Cultivate new industries of strategic, Promote energy conservation, recently, Ministry of Finance, Ministry of Science, Industry and Information Technology, National Development and Reform Commission jointly issued “Notice of allowance for individuals who buy new energy vehicles”(Referred to as "Notice" hereinafter), Identified to start the work of allowance for individuals who buy new energy vehicles in  5 cities of Shanghai, Changchun, Shenzhen, Hangzhou and Hefei.


The “Notice” says the central government gives one-time allowances to the individual who purchase, registration and use the plug-in hybrid energy vehicles and pure electric vehicles. The standard of allowance is decided by the battery pack of the power source, to the new energy vehicles which reach the supporting condition, give the allowance according to 3,000 Yuan/kwh.
 
The maximum allowance for the hybrid vehicle is 50,000 Yuan;

The maximum allowance for pure electric vehicle is 60,000 Yuan.

The allowance will give to the automobile manufacturers; the manufacturers can sell the new energy cars to individuals or car rental companies at the price after deducting the allowance. During the test period, after the sale of hybrid energy vehicles and pure electric vehicles reach 50,000 of each company, the central government will reduce the allowance standards.
 
“Notice” also says, the city government took the major part and be responsible for this work. They should Arrange some money and put the appropriate supporting policies and measures, Focus on the charging station and other infrastructure construction, acquisition and use of new energy vehicles, battery scrap and recycling system and other support.

In addition, the Ministry of Finance, National Development and Reform Commission, Ministry of Industry and Information Technology have also jointly issued "notice of issue the detailed rules to promote energy-saving cars in ‘Energy-saving products benefit people project’", the engine displacement of 1.6 liters and below, integrated condition fuel consumption 20% lower than the current standard of gasoline, diesel vehicles (including hybrid and dual-fuel vehicles) into the " Energy-saving products benefit people project" to promote throughout the country, the central government gives the consumers 3,000 Yuan allowance when they buy each car, the allowance is paid by the manufacturer to consumers during the selling.