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China Extending Incentives for Electric Vehicles

Government pushing hard to increase number of EVs on roads.

by on Feb.15, 2018

Good news for Tesla and other EV makers in China as the government has extended incentives on electric vehicles.

The Chinese government appears to have extended the hefty incentives that helped ignite the rapid sales of electric vehicles in China, according to Bruce Belzowski, managing director of the automotive futures program at the University of Michigan Transportation Research Institute.

Belzowski said during a UMTRI-sponsored conference on “Marketing New Powertrain Technologies,” said the Chinese government is prepared to go great lengths to promote the development of electric vehicles.

Global News!

While the Chinese now build millions of internal combustion engines every year, the government has concluded that the global automakers Japan, the United States and Western Europe have a major edge built around 100 years of experience, he noted.   (more…)