Home > Information service > Market Information
Information service
Company News Media Reports References Market Information
Market Information

More Chinese cities offer consumer subsidies to buy electric vehicles

发布日期:2023-03-28 浏览次数: 字号:[ ]

BEIJING and municipal authorities in Xian have started offering cash subsidies on electric vehicles (EVs) in a sign that a price war among carmakers has failed to effectively boost sales, reports Hong Kong's South China Morning Post.

Residents of the Chinese capital can receive a cash subsidy of CNY10,000 (US$1,452) if they replace their existing cars with battery-powered vehicles between March 1 and August 31, said the Xian municipal government.

In Xian, the capital of China's northwestern Shaanxi province, EV buyers can receive a CNY6,000 subsidy for purchases before the end of April.

"Regional governments are betting on the EV sector to spur consumption and drive [economic] growth," said Cao Hua, a partner at private-equity firm Unity Asset Management. "But the market sentiment appears to be weak, and the incentives may not be enough to spark a sales boom."

(Shipping Gazette)

Contact Us
Contact Number :

Company Address :
8th Floor, No. 658, Dong Daming Road, Shanghai

@2005-2007 中远海运控股股份有限公司版权所有 沪ICP备 16018315号