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Chinese Electric Vehicle Industry Not Meeting Targets

Over the past 30 years, China’s rapid economic growth and industry development have been driven in large part by specific national plans that set very ambitious targets for certain industries. The electric vehicle (EV) industry is no exception. Yet even with prioritization by the central government, the EV industry does not seem to be on track to meet its targets.

According to the Ministry of Science and Technology’s (MOST) 12th Five-Year Plan for Electric Vehicles and the State Council’sEnergy-saving and New Energy Automotive Industry Development Plan released in 2012, 500,000 EVs and plug-in hybrid electric vehicles (PHEV) are to be deployed by 2015, along with 400,000 charging piles and 2,000 charging or battery-switching stations. The nation is targeting 5 million EVs and PHEVs on the road by 2020.

In addition, MOST and other governmental entities, such as the Ministry of Finance, Ministry of Industry and Information Technology, and National Development and Reform Commission, initiated the “10 Cities and 1,000 Vehicles” program in 2009 to support EV development in 25 cities by providing subsidies.
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