SHANGHAI—China rolled out a new incentive program for environmentally friendly cars and buses to help battle increasing levels of pollution.
Buyers of electric cars can receive up to 60,000 yuan ($9,800) in subsidies, while buyers of certain gasoline-electric hybrids can get as much as 35,000 yuan, the Finance Ministry said Tuesday. The subsidies, which take effect immediately, will drop 10% next year and another 20% in 2015.
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