Tue, June 01, 2010
China > Politics

China to subsidize electric, hybrid car purchases in five cities

2010-06-01 12:29:51 GMT2010-06-01 20:29:51 (Beijing Time)  Xinhua English

BEIJING, June 1 (Xinhua) -- China Tuesday released details of its green-car subsidy program designed to boost the nation's auto industry and cut vehicle emissions.

Through the program, subsidies of up to 60,000 yuan (8,784 U.S. dollars) will be given to buyers of pure electric vehicles in the five cities chosen for the pilot program, the Ministry of Finance said in a statement on its website.

Buyers of plug-in hybrid cars will receive up to 50,000 yuan in subsidies.

The cities chosen for the pilot program are Shanghai, Changchun, Shenzhen, Hangzhou and Hefei.

China is the world's largest auto market.

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