Guangzhou to give additional 50% subsidy to electric vehicles-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Aluminium
  • Morning comments
  • Futures movement
  • Mengtai Group
  • Copper
  • Stainless steel
  • Nickel
  • In the United States
  • trade negotiations

Guangzhou to give additional 50% subsidy to electric vehicles

Industry News 12:26:44PM Jun 07, 2018 Source:SMM

SHANGHAI, Jun 7 (SMM) – The government of Guangzhou in north China plans to provide local subsidies for pure electric vehicles (EVs) and plug-in hybrid EVs, at 50% of the state subsidy from July 1, according to the government draft for public comments released on June 5.

Overall subsidies, including state and local subsidies, will not exceed 60% of the vehicle's sale price. Local subsidies for fuel cell EVs will not exceed 100% of the state subsidy.

Such local subsides are applied to EVs that are bought, registered and used across Guangzhou and that are on the national new-energy vehicle (NEV) recommendation list. Subsidies have to be returned if the vehicle is moved out of the region within three years.

Additionally, the government plans to apply special license plates to NEVs to promote the use of NEVs. Lower parking fee and tolls for NEVs are also under discussion.


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn 

Guangzhou to give additional 50% subsidy to electric vehicles

Industry News 12:26:44PM Jun 07, 2018 Source:SMM

SHANGHAI, Jun 7 (SMM) – The government of Guangzhou in north China plans to provide local subsidies for pure electric vehicles (EVs) and plug-in hybrid EVs, at 50% of the state subsidy from July 1, according to the government draft for public comments released on June 5.

Overall subsidies, including state and local subsidies, will not exceed 60% of the vehicle's sale price. Local subsidies for fuel cell EVs will not exceed 100% of the state subsidy.

Such local subsides are applied to EVs that are bought, registered and used across Guangzhou and that are on the national new-energy vehicle (NEV) recommendation list. Subsidies have to be returned if the vehicle is moved out of the region within three years.

Additionally, the government plans to apply special license plates to NEVs to promote the use of NEVs. Lower parking fee and tolls for NEVs are also under discussion.


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn