Shenzhen to start hybrid subsidies for private buyers

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The previous round of subsidies for hybrid purchases was largely aimed at government departments, in a bid to turn civil servants over to the green side, and to cut back on fuel expenditure. Now those subsidies are making their way to private buyers, but only in the southern city of Shenzhen.

Subsidies of upto 50,000RMB are available to buyers of hybrid motors, and subsidies of upto 60,000rmb are available to buyers of pure electric vehicles. Obviously its never been a greater time to jump on the hybrid bandwagon, especially if you live in the Shenzhen area.

From what we understand, Shenzhen’s own green car policy is giving out higher subsidies than the Central Governments subsidy plan. For example, if a Shenzhen resident planned to buy the 149,800rmb BYD F3 Dual Mode car in Shenzhen, then the city government would give the consumer a 60% subsidy, making the car nearly 90,000rmb, a fantastic saving. Currently, the USA offers a 20% subsidy for hybrid purchases.

BYD and Wu Long Coach Group, both of which are located in Shenzhen, believe the subsidy will play a massive part in promoting green vehicles in the Shenzhen area.

BYD also revealed that their BYD F3DM is also being largely bought by government offices, and company fleet sales, although they plan to carry out a mass marketing excercise to promote the car to private buyers.