China is determined to be at the forefront of the green car revolution and the former Olympic city of Beijing appears to be leading the way.
The city wants 30,000 “new energy” vehicles on its roads by the end of 2012 – with 23,000 expected to be pure electric vehicles and 7,000 plug-in hybrid electric vehicles.
It is expected that the vehicles will be subsidised based on their battery capacities at around 3,000yuan per kilowatt-hour, with no more than 50,000yuan per plug-in hybrid electric passenger car and 60,000yuan for each pure battery electric passenger car.
In addition, the city will build around 100 fast charging stations as well as one battery swap station and 36,000 charging poles by the end of 2012 while also developing a new energy vehicle information management system.
According to the People’s Daily, government purchases of new energy vehicles will increase to encourage companies, public institutions and individuals to use electric cars. There will also be incentives for financial institutions to provide support such as lending for the promotion of electric cars.
