China: Government budgets Yuan 6bn for green incentives

Having approved a development guideline for the “energy-saving and new-energy car industry” in April, China's State Council is now reported by China Car Times, quoting the Xinhua news agency, to have allocated Yuan 6bn (US$949m) to subsidise purchases of low-emissions cars. The central government started offering a Yuan 3,000 incentive Subscribe to Automotive World to continue … Continued

• By Webmaster
• May 21, 2012