With a considerable amount of local subsidies provided to those who buy new energy cars, the usually expensive fuel efficient hybrids and electric automobiles will become affordable to average families in Chongqing, Shanghai, Shenzhen and other places, according to a report in Shanghai Securities News. On May 11, the Chongqing municipal government announced that local residents could receive a subsidy of ¥36,000 ($5,270) if they buy the Chang’an Jiexun hybrid cars this year. Also they will ...
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