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    New-energy vehicle policy shifts gears

    By He Wei in Shanghai | China Daily | Updated: 2013-09-18 07:48

    China adjusted its subsidy program for new-energy vehicles on Tuesday, with the scope and depth of the policy narrowing.

    The move is in line with earlier remarks made by a senior official indicating that the country would shift the direction of the financial backing program for the sector.

    The long-awaited blueprint, which was issued by four ministries led by the Ministry of Industry and Information Technology and the Ministry of Science and Technology, will resume the three-year purchase incentive that ended last year, in a bid to help electric vehicles gain further traction.

    New-energy vehicle policy shifts gears

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