It’s a start: China’s NEV market shows a bit of promise

The Chinese government’s enthusiasm for cleaner, new energy vehicles (NEV) continues unabated, with substantial subsidies on offer to those willing to switch from internal combustion engine (ICE) models. Currently, the central government offers up to Yuan 55,000 (US$8,400) for battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). Buyers can then benefit from further local government subsidies and other incentives.