China Stresses Measures to Boost New-energy Car Market

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Nov. 14 – In a move to increase the number of green vehicles on the country’s roads, China is urging new-energy car promotions in 25 major cities. The new regulatory call will likely provide a boost to the green automobile market after the country saw an overall deceleration in car sales partly due to last month’s issuing of a tightened subsidy policy for fuel-efficient car models.

In the “Circular on Promoting the Pilot Demonstration of Fuel-efficient and New-energy Vehicles (caibanjian [2011] No.149)” issued on October 14, the Ministry of Finance (MoF), Ministry of Science and Technology (MST), Ministry of Industry and Information Technology (MIIT) and National Development and Reform Commission (NDRC) made a joint call for the issuance of local incentives for new-energy cars. Continue reading…

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