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February 25, 2016

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Home » Business » Auto

China announces policies to promote NEVs

Source: Xinhua | February 25, 2016, Thursday | Print Edition

THE State Council, China’s Cabinet, yesterday announced a fresh set of policies to promote new-energy vehicles (NEVs).

As part of efforts to achieve “revolutionary breakthroughs” in battery performance, China will encourage cooperation between enterprises, universities and research institutions, according to a statement issued after a State Council meeting chaired by Premier Li Keqiang.

More battery charging facilities will be built, with the sector receiving increased investment and subsidies, the State Council pledged. Other measures include increasing the share of NEVs in the public transportation system and enhancing their quality.

NEVs should account for over 50 percent of annual new vehicle purchases of government organs and public institutions, the statement said. But it gave no details of when the policy would take effect.

The policies came as the Chinese government is looking to the industry to push for industrial upgrades, ease pressure on the environment and foster new growth engines.

Thanks to government incentives, the NEVs continued to gain popularity in China. The number sold in 2015 more than tripled year on year to 331,100 units, according to data from the China Association of Automobile Manufacturers.

Automakers’ latest projections for rapid growth of China’s green car market have added to concerns of worsening smog as the uptake of electric vehicles powered by coal-fired grids races ahead of a switch to cleaner energy.

China plans to convert the grid to renewable fuel or clean-coal technology as part of efforts to cut carbon emissions by 60 percent by 2020.

Since 2014, China has rolled out a set of measures to promote NEVs to save energy and combat pollution. These include tax exemptions, subsidies for car purchases and requirement for government organs to buy more NEVs. An earlier guideline said China will build more than 12,000 new charging stations before 2020.

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