China annnounces cash-for-vehicles program | CarNewsChina.com ...

Published on June 9, 2011 by Tycho

Chinese ministries announced Wednesday the particulars of the countrys new cash-for-vehicles program, construct determination let automobile owners to get delivery of up to 18,000 yuan ($2,769) for scrapping completely unused vehicles petroleum year.

Motorists determination get delivery of a condition subsidy value recognized by 11,000 and 18,000 yuan if completely vehicles are to be scrapped in 2011, normal to a declaration as of the Ministry of Commerce and Ministry of Finance.

The agenda covers rural passenger vehicles recognized by 6 and 15 existence old, metropolis buses recognized by 8 and 15 existence old and serious trucks recognized by 10 and 15 existence old, the ministries said.

China broken an old-for-new automobile swap agenda at the end of previous year, construct allowable motorists to swap completely old vehicles for subsidies on new vehicle purchases.

The swap agenda enclosed a better variety of vehicles supposed the cash-for-car program, counting glow trucks and passenger cars. The swap agenda was shaped to boost similar of new automobiles and cut emissions.

Via: ChinaDaily.