Tesla Motors Wants in on China's EV Subsidies
February 12, 2014 10:37 AM
It doesn't qualify because the Model S is an American import
The Detroit News
, Tesla Motors acknowledged that its Model S doesn't qualify for China's EV subsidies because it's an American import, but that won't stop the automaker from trying.
“We understand we don’t qualify for direct subsidies,” said Diarmuid O’Connell, Tesla’s VP of Business Development. “We’re hoping the government will consider the role Tesla can have in catalyzing electric vehicle adoption in China and extend those incentives to Model S as well."
The Model S will be sold in China starting next month, and subsidies for EVs will reportedly be cut much further than previously planned. Even though Tesla isn't eligible for the subsidies, it's a good start for potentially increased EV adoption.
China’s finance ministry said that subsidies would only be cut 5 percent this year, as opposed to 10 percent. In 2015, subsidies will be cut by another 10 percent as opposed to a previously planned 20 percent.
Tesla Model S
Tesla has some big plans for China, as CEO Elon Musk recently said that China might match the U.S. in volume "as early as next year."
Tesla has proven time and time again that being the small guy in the auto race doesn't mean coming in last. The automaker's value quadrupled last year (TSLA is currently
hovering around $196/share
) and its Q4 shipments of the Model S were 20 percent higher than expected.
In May 2013, Tesla repaid its $465 million loan from the U.S. Department of Energy (DOE)
nine years earlier
than expected from the original 2022 due date.
Last month, the automaker addressed a huge anxiety for potential EV drivers: electric range. It announced that Model S drivers could now
drive from coast to coast
without any doubt that they can find a Supercharger plenty of places in between.
Tesla even scheduled a road trip from Los Angeles to New York from January 31 through February 2, where Model S drivers proved a road trip can be done in the Model S in addition to mere daily commutes.
The Detroit News
"Mac OS X is like living in a farmhouse in the country with no locks, and Windows is living in a house with bars on the windows in the bad part of town." -- Charlie Miller
Tesla Relieves Model S Drivers of Road Trip Anxiety with Coast to Coast Superchargers
January 27, 2014, 10:34 AM
Tesla Repays $465 Million DOE Loan 9 Years Early
May 22, 2013, 10:20 PM
Dubai announces passenger drone plans.
February 14, 2017, 7:56 AM
Lucky LA Residence
January 28, 2017, 4:00 AM
Debuted at CES 2017 - Corning Gorilla Glass Concept Car
January 7, 2017, 3:02 AM
Happy, healthy and feastive New Year to you and everyone in the world that about to celebrate the Season Holidays
January 1, 2017, 12:01 AM
In 2017, Here are the New Autos of 2018
December 30, 2016, 5:00 AM
What Happens When You Put a Blind Man in a Driverless Car?
December 14, 2016, 5:00 AM
Most Popular Articles
New iMac and Release Date
February 4, 2017, 9:30 AM
UMi Plus E – Powerfully Breaking Through 2017
February 15, 2017, 7:30 AM
Can your smartphone make you a safer driver?
February 15, 2017, 6:20 AM
Nvidia Titan X – Still The Ultimate Graphics Card
February 16, 2017, 6:16 AM
How Apple watch Series 2 differ from the S1
February 18, 2017, 5:37 AM
Latest Blog Posts
Feb 21, 2017, 6:12 AM
Here is how startups are helping new parents in raising children
Feb 20, 2017, 6:45 AM
Around the World
Feb 18, 2017, 5:48 AM
News of Future
Feb 17, 2017, 6:30 AM
Amazon parachutes May Float Packages to Customers
Feb 16, 2017, 8:00 AM
Now you Can Watch Facebook on Your TV
Feb 15, 2017, 7:42 AM
Feb 14, 2017, 5:36 AM
Razer Blade Stealth – Little Kaby Lake Powerhouse
Feb 13, 2017, 7:50 AM
Android 7.0 Nougat 7.0 Update Bring Less Battery Life for Samsung Galaxy S7 & S7 Edge
Feb 12, 2017, 7:45 AM
Apple iPhone 8 – OLED Display & Wireless Charging
Feb 11, 2017, 8:09 AM
Feb 10, 2017, 6:15 AM
Feb 9, 2017, 6:00 AM
Eye catching news
Feb 8, 2017, 6:16 AM
Some World News
Feb 7, 2017, 6:15 AM
Feb 6, 2017, 10:11 AM
Feb 5, 2017, 7:27 AM
Notes and News
Feb 4, 2017, 5:53 AM
Feb 3, 2017, 5:30 AM
Feb 2, 2017, 7:00 AM
News Around The World.
Feb 1, 2017, 7:20 AM
Jan 31, 2017, 7:57 AM
More Blog Posts
Copyright 2017 DailyTech LLC. -
Terms, Conditions & Privacy Information