Chinese electric car sales ‘unlikely’ to hit targets: Expectations that China could become the world’s largest m...

Chinese electric car sales ‘unlikely’ to hit targets | TheGreenCarWebsite.co.uk

thegreencarwebsite.co.uk 25 Oct '12, 8am

Chinese electric car sales ‘unlikely’ to hit targets: Expectations that China could become the world’s largest m...

Expectations that China could become the world’s largest market for electric cars have hit a bit of a stumble as new research show that the country is likely to miss its roll-out targets for 2015 and 2020. Despite providing some of the generous levels of support in the world for electric cars, the Chinese government’s figures of 500,000 cumulative sales by 2015 and 5m by 2020 may be a long way of the reality. According to a new study by Bloomberg New Energy Finance, just 13,000 electric vehicles were sold in the country between 2009 and 2011, including buses and public utility vehicles. Although figures for 2012 are not yet available, they are not expected to be significantly higher. The Chinese government was expecting electric cars to help the country reduce emissions, increase energy security and help the domestic auto industry to catch up with, or even leapfrog, foreig...

Full article: http://www.thegreencarwebsite.co.uk/blog/index.php/2012/1...

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