Beijing’s new energy car policy has been given the go-ahead

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Chinese media are reporting that the 12th five-year development planning for Beijing’s auto industry, put forward by Beijing Automotive Industry Association, was approved by the Beijing Economic and Information Technology Commission in April this year.

According to the plan, the number of all-electric vehicles in Beijing is expected to reach 100,000 units by 2015, and most of them will be passenger vehicles. The all-electric vehicles are the focus of the planning, but the other new energy vehicles like plug-in hybrids will also be supported. Notably, consumers of all-electric vehicles will be given a subsidy of 120,000 yuan, and favorable policies including no lottery drawing, no traffic limits, and no taxation.

The industry is thrilled at the news. The local pioneers in the new energy vehicle industry, like BYD, Zotye, and Chery, said they will see Beijing as the key market to make breakthroughs.

Some people are calm about the news. Chen Quanshi, deputy director of automobile research institute of Tsinghua University, said that it takes much time for the implementation of these policies as they have not been announced yet, and it’s all empty talks before the policy is issued officially.