New-energy car strategy proposed

By Gao Yuan (
Updated: 2010-10-25 16:42
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China has finished work on its automobile proposal that will become part of the 12th Five-Year Plan (2011-2015), and new-energy vehicles are a top priority, China News Service reported on Monday.

According to the plan, electric and hybrid-power vehicles will be major focuses during the five years, the report said.

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China is planning to become the world’s biggest clean-energy car production country in future years, the report said.

Sources from the China Association of Automobile Manufacturers told the news agency that the plan will set an objective to sell 1 million clean-energy cars by 2015 in the country.

Officials from the Ministry of Industry and Information Technology told the media earlier this year that the central government will invest 100 billion yuan ($15 billion) to develop clean-energy automobiles in the next 10 years, according to the report.

Xinhua News Agency reported on Monday that China's top legislature is starting to review a draft law on vehicle and vessel taxation.

The draft law describes provisions for reducing taxes on energy-saving or clean energy-powered vehicles and vessels.

The State Council, China's cabinet, approved the draft on Oct 12.