BEIJING, Dec. 31 (Xinhuanet) -- The other part of Shenzhen's car purchase restrictions--is an incentive for electric cars--there will be exclusive car plate allocations for electric cars each year. Tuesday the central government rolled out more measures to support green cars.
China will extend subsidies for new energy "green" vehicles to 2020, extending the current incentive scheme which expires at the end of 2015. The policy represents China's latest effort to fight pollution and congestion. Experts say the policy is a boon to firms such as BYD, the country's biggest maker of electric vehicles. Production of such vehicles in China has jumped five-fold during the first 11 months of this year compared with 2013.
(Source: CNTV.cn)
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