China mandates that 30% of new cars bought for official use should be ‘new-energy vehicles’

China mandates that 30% of new cars bought for official use should be ‘new-energy vehicles’

According to a statement released recently on the website of China's central government, it is being made mandatory that `new-energy vehicles' should comprise at least 30 percent of the vehicles to be purchased by Central ministries and agencies by 2016.

`New-energy vehicles' is a term which is used by the Chinese government to refer to electric vehicles, plug-in hybrids and fuel-cell autos.

The move, which underscores new rules that will be phased in over the next two year-period, it a new measure introduced by Chinese Central government for fighting pollution and reducing energy use. Towards that end, the authorities had previously announced purchase tax exemption for the new-energy vehicles.

Under the new rules, not less than 30 percent of all new cars purchased for official use by Central government ministries and agencies every year must be new-energy vehicles. Beyond 2016, this ratio will be further increased when the stipulation for new-energy vehicles will also be mandated for local provinces in China.

The central government's new rules come at a time when demand for new-energy vehicles lags behind its target due to consumer concerns over price, reliability and convenience.

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