China Offers Subsidy For Purchase of Electric Cars

China’s CCTV reported on June 29, 2013 that the central government and the  Beijing government would subsidize the purchase of 500 electric vehicles for qualified first-time buyers. The EV150, manufactured by BAIC Motor Vehicle Company Ltd., sells for 250,000 RMB. Subsidies would be 60,000 RMB from the central government, matched by another 60,000 RMB by Beijing, and another 20,000 RMB from the automaker. This week’s question : If you got what amounts to a 50% subsidy on the purchase price, would you buy an electric vehicle? Why or why not? Post your answer here.

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