China’s carmakers, consumers to get big incentives for going green
Print Edition
China is preparing a new scheme to encourage carmakers and consumers to use electric and hybrid vehicles, learning lessons from California’s efforts to promote a similar switch, the head of a major state-owned automaker said yesterday.
The system will extend incentives to traditional gas-electric hybrids, often excluded from promotional programs in the past because that segment was dominated by Japanese companies such as Toyota.
While the initiative is expected to benefit Chinese carmakers like BYD Co and SAIC Motor Corp, which have stepped up production of traditional hybrids in recent years, global rivals are also positioned to take advantage of the likely increase in demand.
The likes of General Motors and Volkswagen have already pledged to invest heavily in developing environmentally friendly vehicles for the Chinese market.
The proposed government scheme could be implemented in the first half of next year, said Xu Heyi, chairman of Beijing Automotive Group, parent of BAIC Motor Corp.
China has set fuel economy standards that grow increasingly stringent through 2020 as it seeks to relieve heavy air pollution in much of the country.
The latest scheme to promote new-energy cars, which generally refers to all-electric battery cars or heavily electrified plug-in hybrids, gives carmakers credits for producing and selling such vehicles, helping them to meet new and tighter fuel-economy rules.
“National departments are currently studying and drawing lessons from the US state of California’s methods to encourage the use of new-energy cars” to tackle vehicle emissions,” Xu said.
There will be two schemes, one for carmakers and one for consumers, he said.
Firms will get most credits for making all-electric vehicles, fewer for plug-in hybrids and the least for gas-electric hybrids.
Gasoline cars that do not meet the new fuel economy requirements will get negative points, he said.
Meanwhile, consumers will get credits, redeemable for money, based on how far they drive in full electric mode, with drivers using gasoline being required to pay an additional fee for the distance driven.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
