May 24, 2010 07:03 PM

New Energy Car Subsidies May Reach 60,000 Yuan

(Beijing) - A subsidy plan for individual purchases of new energy vehicles has been drafted by several government agencies, with proposals for subsidies ranging from 3,000 yuan to 60,000 yuan. The plan is set to be released at the end of May.

The subsidy plan, jointly drafted by the National Development and Reform Commission (NDRC), Ministry of Finance, Ministry of Industry and Information Technology (MIIT), Ministry of Science and Technology (MST) and other departments, has been submitted to the central government for review.

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