New measures to promote NEVs announced
February 29, 2016 Category Automotive, Weekly
The Chinese government announced a new set of policies to promote new-energy vehicles (NEVs). As part of efforts to achieve “revolutionary breakthroughs” in battery performance, China will encourage cooperation between enterprises, universities and research institutions. More battery charging facilities will be built, with the sector receiving increased investment and subsidies. Other measures include increasing the share of NEVs in the public transportation system and enhancing their quality. China is to increase to more than half the proportion of new energy vehicle purchases made by some government departments. The government has been promoting electric vehicles as a way to reduce smog. New energy vehicles should account for more than 50% of annual new vehicle purchases of central government organs, public institutions and some cities, the government said. More battery charging facilities will be built, with the sector receiving increased investment and subsidies. Thanks to government incentives, the NEVs continued to gain popularity in China. The number sold in 2015 more than tripled year-on-year to 331,100 units.
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