Driving a Green Future: A Retrospective Review of China’s Electric Vehicle Development and Outlook for the Future

This report, prepared in cooperation with China EV100, describes the remarkable growth of China’s EV market. In just one decade (2010-2020), China has become the world’s largest electric vehicle (EV) market, accounting for half of the world’s electric automobiles and more than 90% of electric trucks and buses. Four stages in the development of China’s EV market are identified, emphasizing the crucial national strategic planning, and policies of three types (pilot programs, incentives, and regulations), that drove the market. A vision for industrial strategy and planning with clear development targets and policies have formed some of the bases of China’s success. The report compares China’s EV market, battery technology development, competitiveness, and long-term plans with those of the United States and Europe. The report draws on interviews with five international experts in EV technology and policies, offering insights on China’s EV development, what China can offer to the rest of the world in the transition to zero-emission transportation, and issues that China must consider in order to sustain its EV success. It is recommended that China should update its plans with a view to proceeding toward fully electrified transportation, with new regulatory and market-driven strategies.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Figures; Maps; References;
  • Pagination: 58p

Subject/Index Terms

Filing Info

  • Accession Number: 01765540
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jan 21 2021 1:35PM