From Automotive News China, a Crain publication
Chinese State researchers have predicted China's auto sales growth will slow to 3 percent to 5 percent this year in the absence of government sales incentives, according to a report from Bloomberg News.
Deliveries will likely be about 19 million units this year, said State Information Centre Research Director Xu Changming,Xu, whose centre is a unit of the National Development and Reform Commission, China's top economic planning agency.
China's auto sales have slowed this year after surging 32 percent in 2010 to a record, as the government phased out sales tax breaks and rebates for rural purchases. Total vehicle deliveries expanded 3.2 percent in the first seven months, according to the China Association of Automobile Manufacturers.
Xu's forecast is in line with the auto association, which lowered its previous estimated 10 percent to 15 percent growth this year to about 5 percent in July.
The State Information Centre is conducting research on consumer acceptance of electric vehicles to see whether and under what circumstances buyers will opt for the alternative-energy cars, he said.
The country's Cabinet is reviewing a 10-year development plan for energy-saving and alternative energy vehicles, the Securities Times reported on 30 Aug.
China aims to have 1 million units of electricity-powered vehicles running on roads by 2015, according to the Ministry of Science.
There are currently 10 000 alternative energy and energy- saving vehicles in use in 25 designated trial cities, of which 1000 are privately owned, according to the Ministry of Industry and Information Technology.