Greener cars get cash infusion
By Qian Yanfeng | China Daily | Updated: 2009-05-20 07:39
SHANGHAI: Car buyers in the city who plug into the concept of alternative fuels will hear a little more money jingling in their pockets, in addition to the warm glow of being environmentally friendly.
From the beginning of next year until the end of 2011, people in Shanghai will be eligible for subsidies of up to 20 percent of the purchase price of a new-fuel vehicle if it saves at least 15 percent energy.
They may also be exempt from paying tolls.
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