Following the promulgation of the 12th Five-Year National Development of Strategic Emerging Industries, on June 28 the State Council of China issued the Energy-Saving and New-Energy Automobile Industry Development Plan (2012-2020) (“the Plan”) to further direct and support the development of China’s new-energy auto industry, one of the seven strategic emerging industries strongly boosted by the Chinese government, over the period of 2012 to 2020. The Plan emphasizes the importance of the commercialization of energy-saving and new-energy vehicles, the construction of supporting facilities, and the development of key core technologies. With the goal of selling 500,000 electric and hybrid vehicles by 2015 accumulatively and 5 million by 2020, the Plan promotes the new energy auto industry via a number of subsidy programs, including tax incentives and financing supports to auto and key auto parts makers, grants for research and development, commercialization, construction of support facilities projects, incentives for car purchases, and government procurement programs.