19 Jul '17, 9am

What the rise of solar in China says about the future of EVs

What the rise of solar in China says about the future of EVs

Industrial policies driving the growth of EVs in China share many of the same characteristics as those that begot the rise of the solar industry. Demand has been met by direct purchase by public entities — the central government heavily subsidizes the purchase of transit buses, taxis and other public vehicles. In fact, a significant portion of new energy vehicles on the road are publicly procured, encouraged by national new energy vehicle goals and not likely to slow down in the coming years. China’s Ministry of Industry and Information Technology (MIIT) announced in May a target of 7 million electric vehicles, or 20 percent of the Chinese vehicle market, to be sold per year by 2025.

Full article: https://www.greenbiz.com/article/what-rise-solar-china-sa...

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