China is currently the world’s largest market for electric mobility
8. February 2018The sales of electric cars increased by 63 percent worldwide in 2017. With strong demand in China and support from the Chinese government for the relevant infrastructure, more than half of the world’s electric vehicle production is now sold in China. Of the 287,000 vehicles sold in 2017, including electric cars and plug-in hybrids, approximately 150,000 vehicles were sold in China.
In 2016 1.8% of the vehicles sold in China where electric cars and plug-in hybrids. This is the highest market share of electric vehicles worldwide. All major automobile manufacturers such as Jaguar Land Rover and Volvo Cars have announced that they will launch electric versions of their models over the next few years. Hangzhou based Geely Auto, owner of Volvo Cars, plans to discontinue its production of combustion engine based cars in 2020. The company also produces an electric version of the well-known London taxis and it was reported that Uber is also interested in buying 24,000 Volvo electric vehicles.
In October, another major Chinese automotive company, Great Wall Motors, announced a collaboration in the production of electric cars with BMW. The Guangzhou Automobile Group, which has joint ventures with Fiat, Honda, Mitsubishi and Toyota, and is a newcomer to the electric mobility market, has announced its plans to research “smart vehicles” and self-driving vehicles with Chinese technology group Tencent.
The increasing demand for electrically powered vehicles in China is also a result of the incentives offered by the Chinese government. China wants to be a pioneer in electromobility and is expected to ban the sale of combustion based vehicles from 2030 onwards. One reason for this is the increasing air pollution in major Chinese cities. Some cities now give preference to electric vehicles for new registrations. From 2019 it is planned to introduce fixed quotas for electric cars for all vehicles produced in China. In addition, another 12,000 charging stations are to be built in China by 2020.
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