China plans one million EVs by 2020

Sunday, December 11th, 2016 - autos, cars, motoring, news

Source : China plans one million EVs by 2020

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The Denza was revealed in 2014, in addition to also will be the result of a collaboration between BYD in addition to also Daimler

Chinese manufacturers set ambitious targets to take advantage of fresh EV in addition to also hybrid technologies, yet the uptake has been slow so far

China has set an ambitious target of putting one million hybrid in addition to also electric vehicles onto its roads by the end of the decade.

Although the current level of hybrid in addition to also electric vehicles from the country stands at just 83,000, manufacturers in addition to also officials are confident of reaching the 2020 target – which then extends to three million EVs by 2025. Up to 10% of those vehicles will be earmarked for export.

Though ambitious, those targets have been scaled back by the original plan, which called for 500,000 fresh-energy vehicles (NEVs) in China by the end of that will year, in addition to also 5 million by 2020.

Speaking at the Global Automotive Forum in China, industry analyst Ashvin Chotai said: “NEVs will reduce China’s dependence on fossil fuels, in addition to also developing its capability to produce NEVs will allow the Chinese manufacturers to leapfrog global brands.”

However, addressing the country’s so-far slow NEVs sales, Chotai said: “The key obstacles have been a high purchase cost, a limited driving range in addition to also an inadequate infrastructure.”

Despite its slow uptake from the country, Honda’s head of electric development Yusuke Hasegawa said the technology will still be “very important” to China’s future: “At that will moment, the infrastructure will be not ready, in addition to also until the item will be ready we have to concentrate on hybrids in addition to also internal combustion engines.”

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