Tesla Motors Wants in on China's EV Subsidies
February 12, 2014 10:37 AM
comment(s) - last by
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
This article is over a month old, voting and posting comments is disabled
RE: good move
2/14/2014 12:54:03 PM
I think he meant articles
EVs where you did not bash them. Of course you didn't in the Windows vs Chrome thread. ;)
"I modded down, down, down, and the flames went higher." -- Sven Olsen
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
Automaker Porsche may expand range of Panamera Coupe design.
September 18, 2016, 11:00 AM
Uber - Everyone's Autonomous Car Driver?
August 20, 2016, 6:01 AM
Volkswagens Vulnerable to Hacking Attacks
August 14, 2016, 1:08 PM
2017 Porsche Panamera: I’ll Take Three of These.
July 24, 2016, 6:44 PM
Ford, Toyota, and Universal Pictures Celebrate "Back to the Future Day' in Style
October 21, 2015, 4:19 PM
Consumer Reports Flexes Muscle, Hits Slumping Tesla Motors Stock
October 20, 2015, 4:13 PM
Most Popular Articles
Update: Problem-Free Galaxy Note7s CPSC Approved
September 22, 2016, 5:30 AM
FDA Cleared, Shockwave Lithoplasty for Peripheral Vascular Disease
September 22, 2016, 5:45 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
Are you ready for this ? HyperDrive Aircraft
September 24, 2016, 9:29 AM
Smartphone Screen Protectors – What To Look For
September 21, 2016, 9:33 AM
Latest Blog Posts
Burlington Gun Attack
Sep 27, 2016, 5:00 AM
Who is in Risk of Getting Oral Cancer?
Sep 23, 2016, 6:02 AM
France Bans Plastic Eating Utensils in Restaurants
Sep 18, 2016, 10:49 AM
Progress Against Acute Myeloid Leukemia
Sep 17, 2016, 5:30 AM
Apple Watch Series 2 - Number 1 in the Customer Satisfaction.
Sep 7, 2016, 6:19 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information