China: Shanghai extends scrappage scheme to end-2010

The City of Shanghai has extended its scrappage scheme to the end of December 2010, according to the Shanghai Daily, citing the Shanghai Municipal Commission of Commerce. Until 31 December, car owners will receive subsidies when replacing high-polluting vehicles with more fuel-efficient cars. Incentives range from Yuan 3,000 to 7,500 (US$440 Subscribe to Automotive World … Continued

• By Webmaster
• May 21, 2010