Wandering China

An East/West pulse of China's fourth rise from down under.

China unveils a new round of electric car subsidies [BBC] #RisingChina #ElectricCar

Those who have set foot in China in recent years will know: it can be difficult to spot a motorcycle run on gasoline. Across the cities, there are >120m electric-bikes zipping around in numbers.

Electric car sales in China are currently miniscule, said Jeff Schuster, an industry analyst with LMC Automotive. Out of 18 million passenger vehicles sold in China last year, just 22,000 were plug-ins. That number is expected to grow to 60,000 next year, however. CNN August 2013

Can they pull off the same with cars? … perhaps Tesla Motors can stimulate this shift with the nifty Model S.

Also, see New-energy vehicle policy shifts gears in the China Daily (September18, 2013)

– – –

China unveils a new round of electric car subsidies
Source – BBC, published September 18, 2013

China has unveiled a new round of subsidies for fuel-efficient vehicles in a bid to combat rising air pollution in its major cities.

The government will provide up to 60,000 yuan (£6,160; $9,800) to buyers of all-electric, “near all-electric” and hydrogen vehicles until 2015.

The policy is expected to boost Chinese automakers such as as BYD, which makes electric cars and batteries.

However, the programme does not include gasoline-electric hybrid cars.

Please click here to read the entire article at the BBC online.

In a statement, the government said the policy was aimed at “accelerating the development of new-energy vehicles, promoting energy saving and reducing air pollution”.

Electric strategy
China aims to put five million “new-energy” vehicles on the road by 2020.

According to the state-owned Xinhua news agency, there were about 27,800 new-energy vehicles being used last year, mostly buses.

China’s last electric vehicle subsidy programme expired at the end of 2012, but failed to provide a large boost to electric car sales.

Analysts say the government needs to include conventional hybrid vehicles, such as Toyota’s Prius model, in the subsidy programme for it to gain traction.


Filed under: Automotive, Beijing Consensus, Charm Offensive, China Dream, Chinese Model, Climate Change, Culture, Domestic Growth, Environment, Government & Policy, Ideology, Influence, Modernisation, Peacekeeping, Politics, Public Diplomacy, Reform, Resources, Strategy, Technology, The Chinese Identity, Trade, Transport

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