Hybrids could get a boost in China with tax changes
To date, hybrids haven't been making much headway in the Chinese market. Big price premiums and relatively cheap gas have dampened demand among consumers there. That may soon change as the Chinese government is apparently considering dropping the sales tax on hybrid vehicles to stimulate sales. Given the choking pollution in cities like Beijing and Shanghai, the government needs to do something, especially considering that Chinese consumers seem to be increasingly migrating toward SUVs and other more powerful vehicles. What they really need to do is lift the cap on fuel prices. That would seriously push Chinese drivers to consider cleaner, more efficient vehicles.
[Source: China Car Times]
Reader Comments (Page 1 of 1)
Tim 10:41AM (5/07/2008)
It would be better for everyone if they dropped the fuel subsidies AND the tax on hybrids.
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stevefazek 7:22PM (5/07/2008)
I agree 100% Tim the are encouraging consumption by making gas cheap people want big SUVs not efficient cars. Its like they learned nothing from this countries moronic mistakes
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mike 8:02PM (5/07/2008)
The US does NOT have a monopoly on Dumb Government. It's almost as If there's an Exxon-Mobile conspiracy in China to get their country Hooked on Oil.
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