Volkswagen electric vehicles are assembled at a factory operated with local partner SAIC Motor, in Shanghai. Local Chinese governments are offering cash subsidies to boost sales of green cars. Photo: Bloomberg
Beijing and Wuhan join local Chinese governments to bolster EV sales by offering subsidies to buyers
- China’s local governments are offering cash subsidies to encourage consumers to buy electric vehicles in a bid to spur consumption and revitalise the sector
- Beijing is offering a cash subsidy of 10,000 yuan (US$1,495), while Wuhan is offering 8,000 yuan to replace petrol-powered cars with NEVs
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Volkswagen electric vehicles are assembled at a factory operated with local partner SAIC Motor, in Shanghai. Local Chinese governments are offering cash subsidies to boost sales of green cars. Photo: Bloomberg
