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China to Provide Further Stimulus for EV Development

As the world’s largest single emitter of greenhouse gases, China is looking at ways to spur the development of electric vehicles and one option, is via government assistance.

From a statement posted on its Web site this week, the Chinese State Council (cabinet), said it plans to increase green vehicle programs, develop plans to recycle batteries and build recharging facilities, all in an effort to support 500,000 electric or plug-in hybrid vehicles on the road by 2015; with a goal of reaching some 5 million by 2020.

Given that China imports around half of its crude oil required for domestic consumption, along with increasing political pressure to improve air quality (many Chinese cities, including Beijing, rank among the most polluted in the world) the need to accelerate green vehicle development is seen as a critical one.

Among automakers selling vehicles in China, both General Motors and Volkswagen have already made significant commitments to plug-in hybrids and EVs; GM, besides introducing the Volt last year, is also developing an EV in conjunction with state owned SAIC Motor Corporation. VW meanwhile, is pressing ahead with plans to introduce EVs to China by 2018.
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