Published On: Thu, Aug 8th, 2013

The output of electric vehicles in China to increase by 20 times

The output of electric vehicles in China is still relatively low, however, with the promotion of national industrial policies, the electric vehicle industry will develop rapidly, and the output is expected to reach 273,150 units by 2017, according to a report published by Huidian Research, a leading industry consulting & market survey firm in China.

The output of electric vehicles in China to increase by 20 times

The output of electric vehicles in China to increase by 20 times

The report quotes the statistics of China Association of Automobile Manufacturers, showing that China’s electric vehicle output in 2012 was only 12,552 units. In 2012, the main type of electric vehicle is pure electric type with the output of 11,241 units, accounting for the vast proportion of total output; compared with 2011, the output increased by 98.8% year-on-year. As for the hybrid electric vehicles, the output in 2012 was only 1,311 units.

The “Plan Draft for the Development of Energy-saving and New Energy Automotive Industry”, which determines the development route of China’s new energy automotive industry, takes electric vehicles (including pure electric vehicles and plug-in hybrid electric vehicles) as the main strategic orientation basically. During the whole period of the “Twelfth Five-Year”, the state will give priority and pay more attention to supporting the development of pure electric vehicles and plug-in hybrid electric vehicles, so as to increase the cumulate sales volume of electric vehicles largely. And also, the three core technical directions of power battery, motor and electric control technology have been also determined.

However, as a kind of energy-saving automobile with transitional technology, hybrid electric vehicles (excluding plug-in hybrid electric vehicles) only enjoy the preferential finance and taxation or subsidies which are much lower than the electric vehicles. This also indicates the technical route for the development of China’s electric vehicle industry, the report remarks.

The report also says, under this technical route, the state plans to reach the ownership of more than 500,000 units in the electric vehicle market, and the ownership of energy-saving hybrid electric vehicles should reach one million units by 2015; and by 2020, the electric vehicle will reach 5 million units, and the sales volume of energy-saving hybrid electric vehicles will account for more than 50% of the total passenger cars sales volume.

If calculated in accordance with the subsidy of RMB 50,000 to 60,000 per electric vehicle and the subsidy of RMB 3,000 per energy-saving hybrid electric vehicle, the subsidy for electric vehicles will up to RMB 25 billion to 30 billion by 2015, and the subsidy for energy-saving hybrid electric vehicles will reach RMB 3 billion; and by 2020, the total subsidy scale for electric vehicle will reach RMB 250 billion to RMB 300 billion, the report states.

Source:  www.adsalecprj.com/Publicity/MarketNews/lang-eng/article-67007006/Article.aspx