EVs Development in China

The five year plan is crucial to the development of my country, China, serving as an attempt to boost China’s industry. I am surprised to find that Beijing is to set to build 256 E-stations in this five year plan period (2010-2015).Shanghai plans to construct 8 more charging stations and 310 charging piles this year. Additionally, the government is now providing 60,000 subsidies for all-electric car purchases and 50,000 subsidies for hybrids in five cities: Shenzhen, Shanghai, Changchun, Hangzhou, Hefei. Also, in order to promote the adoption of electric vehicles, a new policy enables EV drivers in Beijing to drive without the city’s strict license plate lottery that applies to non-electric vehicles.

 images (1)As one of the world’s largest car makers, and one of largest contributors to worldwide greenhouse gas emissions, it is important many automakers in China are working on the development of hi-tech electric vehicles. Lately, Shanghai Automotive Industry Corporation (“SAIC Group”) has offered Roewe E50 available for renting at the price of $24 one day in Shanghai, which is much cheaper than a conventional car of similar size. And its Roewe 550 hybrid only consumes 2.7 liters per 100 kilometers, which will be launched on Chinese market later this year.

Roewe 550 hybrid

Roewe 550 hybrid

Considering the goal of a developing country like China is usually to focus more on developing the economy than protecting the environment, we have more strength in demonstrating that EV’s are good not only for the ecosystem but for the economy as well. As a matter of fact, we are likely to reach a win-win situation by this sustainable mode. I am happy to see that sparks are taking off in the world, though each country seems to take a piece currently, they would contribute to a worthwhile bright transition.

check it out here:http://www.researchandmarkets.com/research/g4t9xz/china_electric

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