China Renews $9,800 Electric Vehicle Subsidies

4 years ago by Eric Loveday 2

BYD's Dancers Have Reason to Dance Now

BYD’s Dancers Have Reason to Dance Now

We foreshadowed this occurrence a few weeks ago, but now it’s official.

 Roewe e50 Electric Vehicle Sold Exclusively in China

Roewe e50 Electric Vehicle Sold Exclusively in China

China has decided to renew its electric vehicle subsidy program for three years.

The original program had expired last December and renewing it never came to a vote.

Now, the decision has been made to renew the 60,000 yuan ($9,800) EV incentive program through the end of 2016.

Excluded from China’s incentive program this time are conventional hybrids.  These archaic vehicles, which lag the modern-day plug, are no longer seen as clean enough.

As it probably should be, only plug-in vehicles now qualify for the substantial incentive in China.

Electric buses qualify for up to 500,000 yuan ($81,680 US) and those pesky fuel-cell vehicles (which don’t really exist at the moment in the country) somehow made their way into China’s program and will qualify for up to 500,000, too.  We’d be willing to bet none of the fuel-cell incentives will be given out though, as you’d have to be able to purchase a qualify vehicle first.

According to recent statistics, China is home to over 27,800 plug-in vehicles.  The renewal of this incentive program is sure to help grow that figure.

Source: Bloomberg BusinessWeek

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2 responses to "China Renews $9,800 Electric Vehicle Subsidies"

  1. Spec says:

    They need incentives. The Chinese seem to have a larger than average dislike of EVs.

  2. Ken says:

    On China’s grid they even if you only look at CO2 EVs are not as clean to drive as a hybrid.
    They produce multiple times the amount of sulfur of a regular ICE.

    http://pubs.acs.org/doi/ipdf/10.1021/es100520c

    Not to mention airborne Mercury, Arsenic, Cadmium, Plutonium etc.
    BTW 14% of the mercury in the Great Lakes is from China.