Bloomberg reports China may be set to step up subsidies for hybrid and fuel-efficient new automobiles. The country's industry minister, Miao Wei, said, "New-energy vehicles are the future. Fuel-efficient cars are now," while speaking with reporters at the National People's Congress. So far, the Chinese government hasn't had much luck talking buyers into fuel-efficient models. Last year, the country forecast total electric vehicle sales to reach 500,000 by 2014, but 2012 only saw 13,000 models sold. Rather than adjust those targets, some analysts believe China will extend incentives to hybrid vehicles as well.

China just concluded a three-year pilot program that gave buyers the equivalent of $9,650 toward the purchase of an EV and $8,045 for plug-in hybrids. Standard hybrids, meanwhile, only saw incentives of $482.73. But that may change as the country moves toward its target of selling a combined five million EV, plug-in and hybrid models by 2020. If China does increase its hybrid incentives, the news may help Toyota more than any other company. Like other Japanese automakers, Toyota has seen sales slide off in the wake of an ongoing territorial dispute between the Chinese and Japanese governments. But stronger incentives may make the Toyota Prius, the world's most popular hybrid, attractive enough to overcome those hurdles.


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  • 34 Comments
      Dave
      • 1 Year Ago
      China needs to cancel the plug in vehicle subsidies. Coal powered vehicles in China contribute much more to smog than a gasoline hybrid does.
        Dave
        • 1 Year Ago
        @Dave
        Of course, serious progress in nuclear power generation could change things. But that won't happen overnight.
        JakeY
        • 1 Year Ago
        @Dave
        Short sighted view. China is making a massive move to natural gas power plants. Beijing will be zero coal by the end of 2014. That's the beauty of plug-ins, they are independent of the power plants.
          Marco Polo
          • 1 Year Ago
          @JakeY
          @ JakeY, "Beijing will be zero coal by the end of 2014'' Sadly, not true ! Yes Beijing is replacing existing some local power plants with NG. However, Beijing still rely on power transmitted from coal fired power, just not in the Beijing neighbourhood ! Most announcements by the Beijing authorities can't be taken at face value.
          camarog9
          • 1 Year Ago
          @JakeY
          I'm not sure how they are independent of the power plants? It seems to me that they are slaves to the power plants. They do not choose 'which' type of power plant supplies their energy.
      FIDTRO
      • 1 Year Ago
      I think that they need more Toyota signs, it's not really obvious it's a Toyota dealership.
        Spec
        • 1 Year Ago
        @FIDTRO
        They should get rid of all the signs. With the current state of Chinese and Japanese relations, selling a Japanese car in China is not exactly easy to do.
      • 1 Year Ago
      [blocked]
        xraybrain
        • 1 Year Ago
        I remember that....in the 1970s during a gasoline shortage or embargo....scientists were saying there is only enough gasoline left for 5 years.
      Teleny411
      • 1 Year Ago
      I wonder how much oil is left in world reserved.... All of the sudden everyone's getting strategically interested in fuel economy.
      carnut122
      • 1 Year Ago
      I'm not sure the descendents of the World War 2 "comfort girls" have quite as short of a memory as we do in the US. There's a reason why Japan is having a hard time selling cars and other consumer goods in China.
      Ms. Miller
      • 1 Year Ago
      China`s air is so polluted, they are growing as an economic power at the expense of their own people health , watch youtube videos of chinas polluted air and you will see, people cant even see when they are walking or drive from all the chemicals in the air . All the world`s superpowers should tell China to stop F...ing around and put a stop to their contamination of the worlds air .But then Again, China soon will own the world, thanx to many so call "American " companies , only when its in their best interest they go " oh yea im an american, im an American , but then turn around and send jobs to China , case and point APPLE . All Apple products are made in china but come back with American Prices .
        camarog9
        • 1 Year Ago
        @Ms. Miller
        Ms. Miller you are completely correct on the conditions in China. The pollution over there is amazing to the point that it is reaching American waters on the western front. On another point... you can assume that they already own the world since we are way indebted to them. Heres the thing... if people avoid purchasing Chinese product then guess what... many of the problems go away along with the profits for those companies that sent work to China! If you don't think you can find American made substitutes for product made in China then you need to change your shopping strategy. Many items are still made here in USA.
      DarylMc
      • 1 Year Ago
      I wonder what is the price of fuel in China right now?
        DarylMc
        • 1 Year Ago
        @DarylMc
        Best info I could find around $1.20 US per litre.
        Koz
        • 1 Year Ago
        @DarylMc
        Around .$4.75 a gal, the higest with Venezuela being the loest at .06 thats is cents per gallon. US is in the middle with all of the middle east being less then .75 cents a gallon.
      legalcld
      • 1 Year Ago
      They have our battery company and all the technology that went with it, might as well use it$$$ Then they can mass produce the car in china and send it over to the US to sell it!
      jmnascarnut
      • 1 Year Ago
      Notice the Caddy in the pic? Ya think the ****** will/have copied some of our technology to use in their tin cans? YEP!!
      throwback
      • 1 Year Ago
      I wouldn't be suprised to see them just mandate all new cars sold must be hybrids. The pols of course will be exempt, and residents of Hong Kong and Macau, and rich folks with connections, and ....
      Hazdaz
      • 1 Year Ago
      Good for them. They are taking big steps to curb their oil imports and reduce their energy consumption as a nation. They realize that any country that needs to import as much oil, as say, the US does, is doing nothing but enriching foreign lands as it ships billions and billions of dollars each and every year elsewhere. China at least seems to have some kind of energy policy and its taking the long-term approach to solving their problems before they become even bigger than they are now. In the US we can't get anything done because do-nothing, know-nothing Regressives can't stop politicizing anything long enough to get anything passed. They rather see this nation fail by their own hand, than work with the President to compromise on anything. The sooner those retched bums get kicked out of office the better.
        Marco Polo
        • 1 Year Ago
        @Hazdaz
        @ Hazdaz Don't get taken in too easily by PRC propaganda. The PRC is about halfway through a mind boggling vast expansion in coal-fired power stations. The PRC's coal and oil companies are hunting the world to supply the PRC with fossil fuel energy, backed by State resources,and government espionage and intelligence agencies. It's true that the PRC has recently increased the bio-fuel budget for the military, but not to save fuel, but guarantee a decentralised supply of fuel in time of war. Some of the efforts to improve the environment are quite genuine, but most are either 'show propaganda' or support of industries to eliminate competition for PRC exports. Don't be too hard on the US. The US is one of the most genuinely innovative nation on earth.
      tinted up
      • 1 Year Ago
      I love hearing about Chinese government spending. They need to keep on upping their spending so they wind up in the same boat as us.
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