China readies 20 million EV spots for 2020

subscribe

The Chinese government is said to be looking to prepare at least 10 million car parking spots for electric vehicles by 2020 in a new comprehensive policy due to be announced soon, a top executive at a local automaker said.

China relies on foreign oil for more than half of its oil consumption and is looking to promote alternative fuel vehicles in the world's biggest auto market, whose growth topped 30 percent last year to 18 million units.

"The government is working on a plan — and I think it will be announced very, very soon — and is basically calling for having, in 10 years, electric car parks of 10 million units or above," Wang Dazong, president of Beijing Automotive Industry Holding Co BAIC, told an industry conference on the sidelines of the Detroit auto show.

Another industry executive said Beijing is expected to focus its efforts most on pure electric vehicles, as opposed to gasoline-electric hybrids or hydrogen fuel-cell vehicles.

Automakers from BAIC to Volkswagen AG, General Motors Co and China's Geely are all looking to tap what looks set to become a huge market for battery-powered electric vehicles, with some global automakers already announcing a timeline for producing them locally in China.

China's Minister of Science and Technology was quoted by state-owned Xinhua news agency in October as saying the country's production of electric vehicles could reach 1 million units by 2020, when many expect a total new-vehicle market of 40 million.

Consumers can now get incentives worth 120,000 yuan US $18,170 to purchase an electric car in 10 to 20 cities, Wang said.

Wang said BAIC expects its own ratio of electric cars to be around 5 percent by 2020, which he said is among the most aggressive projections.

To support the electrification of cars, China is also looking to cut back on coal, the cheapest but dirtiest fossil fuel. It has already launched a major drive into hydropower and, to a lesser extent, wind, gas and nuclear power to supplement the coal sector, which provides about 70 percent of China's electricity.

The government is due to unveil a new alternative energy plan within months to raise its targets for power generating capacity from such sources by 2020. China is planning to invest up to $1.5 trillion over five years in seven strategic industries, sources have said.

Beijing had come under criticism from the auto industry late last year for crafting a policy draft that would have required foreign automakers to produce at least one of the three core, high-tech components of electric vehicles in order to qualify for incentives in China.

Wang said that requirement has since been dropped from the policy outline given its controversial nature.

"Now, if a company wants to produce and sell electric cars in China, they are free," the other industry executive said.

Related News

chuck schumer

Top Senate Democrat calls for permanent renewable energy, storage, EV tax credits

WASHINGTON - The 115th U.S. Congress has not even adjourned for the winter, and already a newly resurgent Democratic Party is making demands that reflect its majority status in the U.S. House come January.

Climate appears to be near the top of the list. Last Thursday, Senator Chuck Schumer (D-NY), the Democratic Leader in the Senate, sent a letter to President Trump demanding that any infrastructure package taken up in 2019 include “policies and funding to transition to a clean energy economy and mitigate the risks that the United States is already facing due to climate change.”

And in a list of…

READ MORE
Enel Green Power Espana

Enel kicks off 90MW Spanish wind build

READ MORE

Africa must quadruple power investment to supply electricity for all, IEA says

READ MORE

huawei logo

Egypt, China's Huawei discuss electricity network's transformation to smart grid

READ MORE

towers

Alberta Introduces New Electricity Rules

READ MORE