China EV Car Facts: Number of Electric Cars Surging in China
Electric Cars in China may have started slow but are quickly gaining and one could even say they were massively surging and not be exaggerating.
New Electric Car Sales in China:
2013 20,000 (double from previous year)
2014 84,000 (4x from previous year)
By the end of 2015 will be 200,000+ (over double the previous year)
Chery EQ electric car costs less than 10k in China
The reason this has been happening is a combination of Chinese government regulation which favor new energy electric cars over oil burning fossil fuel cars. New Chinese EV automakers such as Chery and others have joined early market leaders BYD and Kandi and have recently introduced new EV models to the Chinese market, which have helped increase the number of Chinese electric cars sold. With the help of Chinese government subsidies the Chery EQ sells for 9,700 USD.
Perhaps a prelude to anticipated EV sales the Tesla store in Beijing is approximately 8000 square feet which is 2-3 times larger than their Tesla show stores in the USA.
The Chinese government is much more in support of electric vehicle adoption in general than the USA and other national governments, though Germany and Norway have also been fairly serious, they have not come close to the level of support (verbal and financial) as the Chinese government. The Chinese government supports new energy vehicle development not only for environmental reasons but economic reasons such as reducing fuel consumption. The Chinese government is also keen to see China take the lead in new energy vehicle technology lithium batteries, metal air batteries, super capacitors as well as carbon fiber and electric motor development.
For instance Wan Gang, China’s Minister of Science and Technology has championed the research and development of electric vehicles (often called new energy vehicles) for decades, and actively promotes the EV industry during legislative sessions.