China Aims For 300,000 New Energy Service Vehicles On Its Roads By 2020
The number of new energy service vehicles to hit China’s roads by 2020 will reach 300,000 according to a recent announcement by the nation’s transportation authority.
Guidelines were recently issued by the Ministry of Transport (MOT). These guidelines include:
- 200,000 units of new energy buses on Chinese roads by 2020
- 100,000 new energy taxis and city logistics delivery vehicles on Chinese roads by 2020
Also some incentives for all buyers (per Xinhua):
China will continue to encourage the construction of charging facilities for new energy vehicles in cities and implement tax exemptions and subsidies for car purchases.
From Sept 1, 2014 to the end of 2017, buyers of qualified pure electric cars, plug-in hybrid electric cars and fuel cell cars will not have to pay the vehicle purchase tax, according to the MOT.
The hope is that all these electric buses and taxis will convince the general public in China that electric is the right choice moving forward. China hopes to set an example that the public will eventually follow.