Fewer cars in China eligible for subsidies
BEIJING: China on Wednesday issued its second list for this year of green energy vehicles eligible for subsidies, with the number of approvals slowing amid stricter oversight in the wake of a cheating scandal.
The latest list from the Ministry of Industry and Information Technology takes the total number of battery electric and hybrid vehicles eligible for subsidies this year to 386, down on the 713 models given the green light by the same date last year.
China has aggressively promoted green energy vehicles to combat pollution and promote technological innovation, spending billions of dollars in subsidies, but has stepped up oversight after penalising dozens of companies last year for cheating the subsidy programme.
Sales of battery electric and plug-in hybrid cars lost 74.4 per cent in January under the new regime said China’s carmakers association last month.