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China grants subsidies to promote energy-saving vehicles
BEIJING, Jan. 7 (Xinhua) -- The Chinese government paid 1.81 billion yuan (273.6 million U.S.dollars) in subsidies to promote energy-saving vehicles in the six-month period of June to Nov. last year, Chinas Ministry of Industry and Information Technology (MIIT) said Friday.
The MIIT said in a statement on its website that by the end of Nov., buyers of 604,100 vehicles had received subsidies since China began the subsidy program for purchases of energy-saving vehicles in June last year.
The subsidy program granted a one-off 3,000 yuan subsidy for every purchase of a gasoline- or diesel-fueled passenger vehicle with a displacement of less than 1.6 liters and fuel consumption 20 percent lower than the existing standard.
The MIIT also announced it has established a working group with the Ministry of Finance and the National Development and Reform Commission to enhance supervision of the subsidy program and to promote the sound and sustainable development of Chinas auto industry.
China to launch new subsidy policy for energy-saving vehicles
China will launch a new subsidy policy for energy-saving vehicles next month in a bid to encourage automakers to increase green-technology investment and reduce oil consumption.
Energy-saving cars weighing between 1,205 kilograms to 1,320 kilograms should consume no more than 6.3 liters of fuel per 100 kilometers in order to obtain subsidies as of October 1, the Ministry of Finance said in a statement on its website.
The current policy, introduced in June last year, provides subsidies to models within such weigh range that have maximum fuel consumption of 6.9 liters per 100 kilometers.
The subsidies will remain unchanged at 3,000 yuan per car. All qualifying automobiles must have 1.6 liter engines or smaller.
China provided subsidies for 2.15 million energy-saving vehicles as of the end of May, said Xiang Dihai, director of the construction division under the m
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