This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-24140329

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
China unveils a new round of electric car subsidies China unveils a new round of electric car subsidies
(36 minutes later)
China has unveiled a new round of subsidies for fuel-efficient vehicles in a bid to combat rising air pollution in its major cities.China has unveiled a new round of subsidies for fuel-efficient vehicles in a bid to combat rising air pollution in its major cities.
The government will provide up to 60,000 yuan (£6,160; $9,800) to buyers of all-electric, "near all-electric" and hydrogen vehicles until 2015.The government will provide up to 60,000 yuan (£6,160; $9,800) to buyers of all-electric, "near all-electric" and hydrogen vehicles until 2015.
The policy is expected to boost Chinese automakers such as as BYD, which makes electric cars and batteries.The policy is expected to boost Chinese automakers such as as BYD, which makes electric cars and batteries.
However, the programme does not include gasoline-electric hybrid cars.However, the programme does not include gasoline-electric hybrid cars.
In a statement, the government said the policy was aimed at "accelerating the development of new-energy vehicles, promoting energy saving and reducing air pollution".In a statement, the government said the policy was aimed at "accelerating the development of new-energy vehicles, promoting energy saving and reducing air pollution".
China aims to put five million "new-energy" vehicles on the road by 2020.
Electric strategyElectric strategy
China aims to put five million "new-energy" vehicles on the road by 2020.
According to the state-owned Xinhua news agency, there were about 27,800 new-energy vehicles being used last year, mostly buses.According to the state-owned Xinhua news agency, there were about 27,800 new-energy vehicles being used last year, mostly buses.
China's last electric vehicle subsidy programme expired at the end of 2012, but failed to provide a large boost to electric car sales.China's last electric vehicle subsidy programme expired at the end of 2012, but failed to provide a large boost to electric car sales.
Analysts say the government needs to include conventional hybrid vehicles, such as Toyota's Prius model, in the subsidy programme for it to gain traction.Analysts say the government needs to include conventional hybrid vehicles, such as Toyota's Prius model, in the subsidy programme for it to gain traction.