China rolling out subsidies for hybrid cars
Chinese automakers have been working just as hard on new fuel saving hybrid vehicles, with companies like BYD, SAIC and Chery all working on hybrid vehicles. Now, the two hopeful solutions are set to merge as the government institutes a new set of subsidies for hybrid cars and buses.
To qualify, a hybrid passenger vehicle must achieve a relatively meager 5 percent improvement over its non-hybrid competition. Hybrid buses purchased by governmental agencies can qualify if they post at least a 10 percent efficiency improvement.
[Source: China Car Times]
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