Electric Vehicles are Set for a Record Year in China
Nearly every single automaker in the world has shifted gears to accommodate for an electrified future. While emissions and fuel regulations have played a large role in the shift, there's another reason major reason for the arrival of electric vehicles – China.
China's Push For More EVs
As the automotive industry's largest automotive market, China sets the pace for the type of vehicles automakers develop. The country has decided to tackle air pollution, and reduce the gap between vehicles from domestic automakers and rivals from global ones. China's Ministry of Industry and Information Technology has required plug-in hybrids and electric vehicles make up at least 20 percent of light-vehicle sales in the country by 2025.
Those are some large figures, but the government is making it attractive for individuals that help the country reach its goal. As we reported earlier, the central government is offering subsidies of approximately 44,0000 Yuan ($6,333) for electric vehicles that have a range of 250 km (155 miles). Local government subsidies are also available that are up to 50 percent of what the central government offers. Those subsidies, though, are only available for EVs, plug-in hybrids, and fuel cell cars that are built domestically.
On Total For 700,000 Electric Cars
All of China's efforts to make fuel-efficient vehicles more popular have worked, as a report by Autocar claims that electric vehicles are on track to set a new record for sales. According to the outlet, EV sales in the country are on pace to hit 700,000 by the end of the car. Citing the China Association of Automobile Manufacturers (CAAM), Autocar reports that a total of 77,000 EVs were sold in the country in September, bringing this year's total for the first three-quarter up to 398,000.
Autocar, citing the assistant secretary general of CAAM, Xu Haidong, believes that the next three month of EV sales will increase, as the final three months of the year are usually the best for automakers. Last year, 500,000 electric vehicles were sold in China.
How Tesla Plans To Capitalize On The Popularity Of EVs
The country's impressive sales figures have drawn automakers from all corners of the country, as they fight for a piece of the pie. Earlier this month, Tesla reached a deal with the Shanghai government to build a plant in the city's free trade zone. If the deal goes through and Tesla's factory is erected, it would make Tesla the first foreign automaker to build a plant that they solely own in the region.
While a plant is a big deal, Tesla is also planning to modify the new vehicles it sells in the country to ensure that they work with China's GB standard charging network, claims Autocar. The electric automaker will also retrofit its older machines sometime in the near future. In an effort to keep everything in the family, Tesla's vehicles were previously only compatible with the automaker's own Superchargers. While the automaker plans to install roughly 1,000 of its chargers in the China, the main goal is to allow owners in the country to use any charger they would like.
So far, a total of 17.15 million cars have been sold in China, claims Autocar, and that figure is expected to grow. Other countries wanting to reduce the amount of pollution in the air and reach strict emissions and fuel regulations should take a chapter out of China's book, as it's clearly working.
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