China raises bar for fuel-saving car subsidies
Updated: 2011-09-16 15:38
BEIJING - China has made qualifications more stringent for fuel-saving vehicle subsidies, part of efforts to cut emissions in the world's biggest auto market.
Cars will be eligible for the 3,000-yuan ($470) subsidies only if they consume 6.3 liters of gas or less per 100 kilometers, compared with the previous level of 6.9 liters, the Ministry of Finance said in a statement on its website.
Fuel consumption standards for other cars have all been raised according to their technical specifications, it said.
Beijing started to hand out subsidies for fuel-saving cars in June 2010. It has also been subsidizing hybrid and electric car buyers in select cities, with a maximum amount of 60,000 yuan each.
More subsidies for subsoiler operation 2011-09-06 17:35
China to halt wind turbine subsidies 2011-06-08 09:36
Overseas automakers may bloom if car subsidies wane 2010-12-18 09:55
- Outstanding foreign debt climbs to $642.5b
- Standard for "high pure gold" set
- Vanishing property boom signals price decline
- China raises bar for fuel-saving car subsidies
- Huawei eyes enterprise deals
- China to curb chemical plants
- China extending pension program to countryside
- Fosun, PFI form insurance JV