China's rules on alternative energy vehicle subsidies anticipated
Shanghai. April 9. INTERFAX-CHINA - China may release details as early as May on how it will subsidize consumers who purchase alternative energy vehicles, an industry insider said on April 8.
The Chinese government announced at the beginning of 2009 that it will provide subsidies of between RMB 4,000 ($585.65) and RMB 250,000 ($36,603) per alternative energy vehicle, and subsidies between RMB 50,000 ($7,321) and RMB 600,000 ($87,848) for each alternative energy bus.
However, because the government has yet to issue detailed rules about how the program will work, no subsidies have been awarded, Ma Xian, general manager of Zonda Motor Group, said at the Green Fuels & Vehicles China 2010 conference in Shanghai.
Ma said that the government may release the detailed rules in the first half of this year, probably in May.