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September 8, 2012

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Buy a new energy car and save 100,000 yuan

CONSUMERS who buy fuel-saving and new energy cars in Shanghai can save around 100,000 yuan (US$15,760) in total, as the government plans to introduce more measures to boost the sales of such cars, officials said yesterday.

"China will expand the use of energy-saving cars," Wan Gang, Minister of Science and Technology, said in Beijing. "Other policies may include exemption for users from license plate auction and lottery."

Shanghai was named the country's first pilot city for electric vehicle development in April last year.

"The Shanghai government will subsidize 40,000 yuan for each purchase of electronic car," Shou Ziqi, director of the Shanghai Science and Technology Commission, said. "And buyers can have specially numbered license plates for the cars, without going through the plate auction process."

The average price for a car plate in Shanghai surged to 62,559 yuan in August, 4,288 yuan more than in July.


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