China to subsidise buyers of greener cars for up to US$7,300

Posted: March 16, 2009 in environment, society
Tags: , ,


The West often points its fingers at China’s abysmal environmental record. Whether that’s fair or not given that it was us who with our once insatiable consumer demands have created or at least contributed to it, is still a question that is not easy to answer. But let’s also not forget that China often is leading the West with initiatives contributing to a healthier environment. This post by Green Car Congress is just another example: The government of China is considering providing rebates of up to 50,000 yuan (US$7,300) to buyers of cars powered by alternative technologies, Industry and Information Technology vice minister Miao Wei told Caijing in an interview 12 March. Covered vehicles would include those powered by biofuels, electricity and hybrid systems.

<!––>The proposed rebates will range between 10,000 to 50,000 yuan ($US1,500-$7,300) depending on the energy efficiency of the cars, according to Miao, who formerly was president of Dongfeng Motor Corp., China’s third-largest automaker.

The reimbursement plan is being drafted by the Ministry of Industry and Information Technology and the Ministry of Science and Technology, which plan to release a scheme for classifying cars by energy efficiency in two months, Miao said.

The question though is: wouldn’t it be better to use this money to discourage people from buying cars and, amongst other measures, do so by investing more in public transport?

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  1. ashish says:

    good article, thanks for this useful info, I have dug and stumbled this article. I will keep visiting for more useful information.

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