(MENAFN- Qatar News Agency) Beijing April 24 - The number of new energy cars sold in China this year may hit 35000 twice as many as were sold in 2013 as the government promotes use of greener vehicles according to a new official forecast.
Sales may reach 60000 if hybrid-power vehicles are taken into account according to a report on China's auto industry released by the China Association of Automobile Manufacturers (CAAM).
The Chinese government launched a trial program to subsidize new energy car purchases in several major cities in mid 2010.
The Ministry of Finance 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 17642 new energy cars were sold in China last year up 37.9 % from a year ago. In the first quarter of 2014 sales surged 120 % year on year to 6853 cars.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.