China to Subsidize Electric Car Buyers

China has begun giving subsidies for the private purchase of plug-in hybrid and electric cars to automakers on a trial basis in five cities. Residents of Shanghai, Shenzhen, Changchun, Hangzhou and Hefei would receive up to 50,000 Yuan ($7,320) in subsidies if they buy plug-in hybrid cars. The maximum subsidy for those who bought fully […]