China's new electric cars subsidy to expand
China is expected to subsidize electric vehicles sold in 25 model cities, expanding from the current five cities, and adopt a unified national subsidy standard, 21st Century Business Herald reported Wednesday citing China Association of Automobile Manufacturers.
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The central government's subsidies for electric cars, introduced in 2010, used to be as much as 60,000 yuan ($9,631), but the policy was terminated in 2012.
Currently, local governments decide the amount of subsidy in their local regions.
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