China Buys More Electric Cars, Waives Purchase Tax
Ana Verayo | | Jul 14, 2014 09:41 PM EDT |
(Photo : Car News China) This photo shows a BYD-Daimler Denza NEV electric car.
BEIJING: China is set to purchase more electric cars and alternative energy vehicles to be utilized by government officials and local agencies in a campaign to fight pollution and boost the energy-efficient car market, the Chinese government announced.
According to the Finance Ministry, these new rules will be implemented over the next two years where electric cars and energy efficient vehicles will gradually make up 30% of all new cars bought for official use.
Like Us on Facebook
Other government agencies who have jointly agreed upon these new rules are the National Development and Reform Commisssion, the National Government Offices Administration (NGOA), the Ministry of Science and Technology and the Industry and Information Technology Ministry.
The Chinese government also announced a 10% tax exemption for every purchase of an electrical car starting Sept. 1, 2014 until the end of 2017 in a massive campaign to combat pollution and save energy.
An NGOA spokesman said that these rules not apply to government sectors but also to regional public institutions as well where the fight against pollution has been a challenging task.These regional public institutions and local government departments include the Yangtze River Delta, the Pearl River Delta and the Beijing,Tianjin and Hebei region.
Subsidies will be given to government and public agencies for the purchase of electric cars and other energy efficient vehicles that will cost less than 180,000 yuan or US $29,186.
Charging stations will be implemented along with other necessary infrastructures to help maintain and promote this new campaign. Beijing plans to produce 10,000 public charging poles for these electric cars by 2017.
These charging poles will be installed in every public place imaginable in the city and this includes public parking lots, train stations, airports, highway rest areas, electric car stores and even gas stations according to the Beijing Municipal Science and Technology Commission.
TagsChina Buys More Electric Cars, Waives Purchase Tax, china electric cars, china gov, china energy efficient cars, china new energy vehicles, china buys electric cars, china waives purchase tax, Electric cars, energy efficient cars, new energy cars, china charging stations, beijing charging stations, beijing electric cars, china gov electric cars, energy efficient vehicles
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?