40% of green vehicles made in China
The sales of green vehicles, or new-energy vehicles, in China almost reached up to half a million in sale units (402,800) by the end of last November. This is a near double figure of year on year growth. And the production for 2016 accounts for 40 percent of the world's total, the China Association of Automobile Manufactures (CAAM) said.
China will be the first country in the world with annual vehicle sales exceeding 25 million units, predicted Asahi Shimbun on Tuesday.
The domestic new energy vehicle industry is going through rapid development, says Xu Yanhua, Vice Secretary-General of CAAM.
The breakthrough in core technologies, a clearer industry chain, and an increased willingness to buy from consumers have resulted in expanded markets for alternative-fuel vehicles, Jiefang Daily reports.
In the last decade, the battery, or the heart of the new energy cars has made significant progress. Two battery technologies have seen an increase in efficiency and battery life in the last 10 years.
At present, the homemade lithium iron phosphate battery and ternary li-ion battery have doubled in its monomer energy density than a decade ago, explains Guo Wei, GM of Beijing National Battery Technology Co, Ltd.
"It means that China already has the strength and confidence in the coming global competition of new-energy vehicles." Guo added, placing China's industry within a global context.
Charging infrastructure is embracing a favorable policy period. By the end of October, over a hundred thousand public electric vehicle charging stations in China existed, a dramatic year-on-year growth of 118 percent. Private charging points exceeded 170,000 as well.
In China's 12th Five-Year-Plan, a fast charging network on expressways across Beijing, Tianjin, North China's Hebei province and the Yangtze River Delta regions have been established, covering over 11,000 km of expressways.
China's next Five-Year-Plan (13th) will see a 36,000 km coverage of charging stations, along with an estimated investment infrastructure total of 160 billion yuan ($2.3 billion) to 180 billion yuan ($2.6 billion), reports Jiefang Daily.
Policies related to new-energy vehicle industry were issued from the Ministry of Industry and Information Technology(MIIT) and the National Development and Reform Commission(NDRC). They refer to the industry access requirements, management, and carbon emissions, among other things.
New energy vehicles in China will continue to see healthy development, despite more regulated policies.