Winner | Asian Digital Media Awards 2020

Incentives spice up EV purchases in Shanghai

Shanghai authorities may soon offer huge discounts to attract automobile buyers to purchase electric vehicles. This as China unveils its first home-grown all-electric supermini car – the Roewe E50 - as part of a government project for energy-saving vehicles. The new EV costs about 220,000 to 240,000 yuan but buyers could save around 100,000 yuan or $16,000 owing to a rebate from the central government and a subsidy from the municipal government of Shanghai.

The government is also planning to offer free license plates to new owners of electric vehicles while auto manufacturers are considering value-added services to entice buyers to choosing an electric vehicle.

Click here to read the story.

Thanks for reading to the end of this story!

We would be grateful if you would consider joining as a member of The EB Circle. This helps to keep our stories and resources free for all, and it also supports independent journalism dedicated to sustainable development. For a small donation of S$60 a year, your help would make such a big difference.

Find out more and join The EB Circle

blog comments powered by Disqus

Most popular

View all news

Industry Spotlight

View all

Feature Series

View all
Asia Pacific's Hub For Collaboration On Sustainable Development
An Eco-Business initiative
The SDG Co