9 Guangdong cities gear up for new energy vehicles
2013-November-27 Source: Newsgd.com
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New energy vehicle users and manufacturers in nine cities of Guangdong get a new round of government subsidies, according to a plan announced on Tuesday.

The Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology and the National Development and Reform Commission on Monday jointly confirmed that 28 cities and areas in China had their applications approved to promote new-energy vehicles.

The cities include Beijing, Shanghai, Tianjin, Chongqing, Guangzhou, Shenzhen, Dalian, Ningbo, Qingdao, Wuhu and major provincial capitals.

Also on the list are urban clusters in Guangdong (Foshan, Dongguan, Zhongshan, Zhuhai, Huizhou, Jiangmen, Zhaoqing), Hebei, Zhejiang, Fujian and Jiangxi provinces.

The big cities on the list must have at least 10,000 new-energy vehicles in service by 2015, while smaller cities need at least 5,000.

Consumers buying electric passenger vehicles this year in these cities are eligible for subsidies of 35,000 RMB (5,745 USD) to 60,000 RMB. The subsidy for plug-in hybrids will be 35,000 RMB.

Subsidies for electric buses will range from 300,000 to 500,000 RMB, while the highest subsidy for hybrid buses will be 250,000 RMB.

Fuel cell commercial vehicles will be the biggest beneficiaries, with a highest subsidy of 500,000 RMB each.

Analysis said the plan will stimulate the development of Guangdong province’s new energy vehicles manufacturing. BYD Co, and Shenzhen BYD Daimler New Technology Co., Ltd. headquartered in Shenzhen and Dongfeng-Nissan CO. and Guangzhou Automobile Group Motor CO., LTD headquartered in Guangzhou are major electric car manufacturers in Guangdong, and the supporting industry in the surrounding cities have taken shape.

Editor: Olivia
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