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China releases guidance policy for EV promotion

Source: | Date: Nov. 3

  • A number of Chinese governmental departments, including the Ministry of Industry and Information Technology (MIIT), the National Development and Reform Commission (NDRC), and the National Energy Administration (NEA), recently released a guidance policy governing infrastructure construction for electric vehicles (EVs), valid from 2015 to 2020.

  • The policy presents goals and roadmaps for building charging facilities over the next five years. According to the policy, the Chinese government aims to build 12,000 battery charging and battery swapping stations as well as 4.8 million charging piles, in an effort to meet the need of charging 5 million EVs that the government projects will be hitting the road in 2020.

  • What's more, the policy provides specific guidelines to direct the construction of charging equipment, including a provision that requires the building of charging stations in public areas, residential areas, and areas along expressways. A number of companies and investors view the policy as a good opportunity for them to expand their business presence by building large numbers of charging stations across the country for long-term benefits, even though they don't expect their investments will yield returns in the short term.

  • In recent years, the Chinese government has been stepping up efforts to promote new-energy vehicles (NEVs) in some provinces that are plagued by severe smog and air pollution. Provinces and cities like Beijing, Tianjin, Hebei, Liaoning, and Shandong, which have been choked by smog for years, have invested heavily in the construction of charging stations and charging piles to allow for large numbers of NEVs.