The goal of the plan is to have five million EVs on the roads by the end of 2020.
It seems that not a day goes by when some city in China, or even the country as a whole, doesn't boast about its grand electric vehicle (EV) plans and last Friday was no exception. That's when Shenzhen vice-mayor, Tang Jie, speaking at the C40 Hong Kong Workshop, revealed the city's battery-powered dreams. Jie spoke of Shenzhen entering a "mature" development period and said that the city, after 30 years of rapid growth, is now ready for a low-carbon future:
China's drive to become the worldwide leader in production and adoption of electric vehicles (EVs) appears to be unmatched. With incentives that reach $8,800 per battery-powered vehicle and the government's commitment of more than $14.7 billion for alternative technology vehicles, China may, as predicted by some, rise to the top of the industry.
China's third-largest automotive group, Dongfeng Motors, recently announced plans to invest a massive chunk of change into development of alternative technology vehicles. The company's future blueprint shows that Dongfeng will invest three billion yuan ($443 million U.S. at the current exchange rate) in an effort to speed up the commercialization of eco-friendly vehicles like hybrids and electrics.
According to a report from China's Global Times, 16 of the countries state-owned companies will meet next week in Beijing to formally announce the creation of the "Association of the Electric Vehicle Industry." The association will work on setting unified standards for electric vehicles (EVs) and hopes to improve upon core technologies to make the nation's EVs more competitive in the global marketplace.
30Survey: 60 percent of Chinese interested in buying plug-in vehicles, 5 times higher than Americans
Citizens of which country are most likely to buy – or at least consider purchasing – a plug-in vehicle than any other nation? According to a recent survey conducted by Ernst & Young's Global Automotive Center, China leads the way out of all the countries surveyed. Now, you're probably wondering how this can be and might wonder if the U.S. was excluded from the survey, but that's simply not the case. Not only was the U.S. represented, other major players in the plug-in field were
File this under: spotlight on China. First, General Motors committed to Chinese market-specific hybrids and plug-ins, now Nissan wants in on the action. Case in point, Nissan will release its Leaf electric vehicle in China followed by a possible hybrid Infiniti and, if all goes as planned, the company will break ground on a Chinese production plant, too.