China's new energy car sales to double

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IANS | 23 Apr, 2014
The number of new energy cars sold in China this year may hit 35,000, double than that were sold in 2013, in the wake of government promoting the use of greener vehicles in the country, a new official forecast has revealed.

According to a report on China's auto industry released Tuesday by the China Association of Automobile Manufacturers (CAAM), sales may reach 60,000 if hybrid-power vehicles are taken into account, Xinhua reported.

The Chinese government launched a trial programme to subsidize new energy car purchases in several major cities in mid 2010.

The finance ministry and another three government organs initiated a plan to promote new energy vehicle use last year and renewed the policy in February by raising the subsidies for 2014 and 2015.

Data from the CAAM showed that 17,642 new energy cars were sold in China last year, up 37.9 percent from a year ago. In the first quarter of 2014, sales surged 120 percent year on year to 6,853 cars.