Alexander Pan, March 9, 2010
Beijing, China
In a move to help alleviate the ever worsening air quality in Beijing, Miao Wei, vice-minister of Industry and Information Technology and deputy to the National People’s Congress announced recently that the government plans to unveil a plan to subsidize the private purchases of electronic motor cars.
Experts speculate that the plan with offer between a 50,000-60,000 RMB Government subsidy for Beijing resident who purchase environmentally friendly, and emission free electronic cars.
The official plan will likely be revealed later this month. It is also likely the up to five cities will be chosen as pilot programs, depending on the programs success in these areas, Chinese citizens may expect to see these subsidies at a nation wide level.
Edward Lehman, Managing director of Lehman, Lee, and Xu said that ”This plan is yet another step in the right direction for China’s environment. The Chinese government has repeatedly stated that it will take steps to reduce its environmental impact, and programs like this prove that China is committed to the cause.”