China Propels Application of New Energy Buses
Click:456    DateTime:Jul.24,2019

On May 8, China adjusted new energy bus purchase subsidy standards based on specific situations of the economies of scale and cost reduction, an attempt to upgrade public transportation industry and to propel the application of new energy buses, according to an announcement jointly issued by four national departments like the Ministry of Transport.

While enjoying advance funding (after finishing bus registration), purchasers of new energy buses can obtain subsidies from local governments continually, and can be exempt from vehicle purchase tax, and vehicle & vessel tax. More social capital will be attracted to construct charging infrastructures for new energy buses. Further, other capital (e.g. local subsidies for NEVs excluding new energy buses, surplus funds of fuel subsidies the central government allocated for 2019 and previous years) will also be utilized to support the application of new energy buses (e.g. improving charging infrastructures, etc.). A new model of “financial rewards replacing subsidies” will be adopted since 2020 to support new energy bus operation.