China plans subsidies for green car buyers

ERJ staff report (AN)

Shanghai, China(Reuters) — China will subsidize sales of green vehicles in five cities selected for a pilot program as the government steps up efforts to promote environmentally friendly vehicles in a bid to cut fuel emissions.

A statement on the main government Web site (www.gov.cn) late on Wednesday said Beijing would hand out rebates to private car buyers for the first time. It did not provide further details.

Beijing will also expand its pilot plan to subsidize the purchase of clean-energy vehicles for public…

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