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Shenzhen offers new incentives to boost switch to electric taxis

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An electric taxi seen on the streets of Shenzhen. The city is hoping to replace thousands of petrol-fuelled cars in its fleet. Photo: SCMP Pictures
He Huifengin Guangdong

More than a quarter of Shenzhen’s 15,000 petrol-engined taxis will be replaced with electric vehicles this year, the city government said, after it announced subsidies to kick start a five-year-old project.

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The government launched the electric taxi project in 2010, but progress has been slow because of concerns about the availability of charging stations and the duration of charging and safety.

Under the new subsidy scheme, the government sees 4,000 more electric taxis on the road by the end of the year, adding to the 850 currently in use.

The Nanfang Daily reported that taxi operators in the city who replace their cabs with new electric vehicles will receive subsidies of up to 192,800 yuan (US$31,100) for each taxi.

All the electric taxis now in use are E6 vehicles made by Chinese carmaker BYD, which is partly owned by Warren Buffett's Berkshire Hathaway.

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A new e6 cab costs about 300,000 yuan while a new petrol taxi costs between 100,000 and 120,000 yuan.

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