Chinese automakers are set to benefit from a much-awaited government stimulus plan that encourages production of fuel-efficient vehicles, said industry sources.
The green auto plan, currently awaiting government approval, is expected by industry players to be unveiled in the next couple of months.
According to the plan, electric cars that qualify for subsidies are those that have received government's production license and are assembled in China, regardless of whether made by domestic or joint-venture firms.
The industry sources said that imported electric cars would have little hope of benefiting from the policy in the initial stages.
Private buyers in five chosen cities could obtain incentives, with potential limits of up to about 60,000 yuan ($8,788) or 50,000 yuan per car.
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