Beijing offering subsidies of 120,000rmb to private EV buyers

The Ministry of Science and Technology recently announced its plans to offer up to 120,000rmb in subsidies to private buyers of new energy vehicles in Beijing city, which is being used as a test bed for the project before it will be rolled out nationwide.

Beijing City Govt are planning on giving subsidies of 3000rmb per kilowatt, which will give plug in electric vehicles a maximum subsidy of 60,000rmb per car, and will give hybrid vehicles a maximum of 50,000rmb per vehicle. Ultimately Beijing City will give out 1.73 billion RMB in subsidies from 2011 to the end of 2012 in the two year long test. Beijing is aiming to have 1000 new energy vehicles on the road by the end of 2010, 5000 by the end of 2011 and 24,000 by the end of 2012, which is aiming to be made up of 23,000 pure electric vehicles and 7000 plug-in hybrids.

On the infrastructure side of things, Beijing City Government is planning on giving subsidies of up to 30% for electric charging stations to be installed in the city, which will be made up of a mixture of fast and slow charging stations. Within the next three years Beijing aims to install 36000 charging stations which will give it a ratio of 1:1.2 for each car and will also install 100 fast charging stations and also battery recharging stations and also the all important service stations of which there will be ten.

Since before the 2008 Olympics Beijing has been aiming to change its infamy as being a polluted city which seems to have made some major progress in air quality in the capital.