Chinese demand for EVs is growing

Demand for electric vehicles (EVs) is growing in China. A report from the Shanghai Daily said that data from the China Association of Automobile Manufacturers showed EV sales reached 90,000 units, 131% higher in January-April 2016 than for the same period in the previous year. Demand for EVs is particularly strong in the major Chinese cities. Vehicle buyers in Beijing have to submit a request for a vehicle registration. Official data shows that applications for EV registrations reached 17,600, an increase o
June 14, 2016 Read time: 2 mins
Demand for electric vehicles (EVs) is growing in China. A report from the Shanghai Daily said that data from the China Association of Automobile Manufacturers showed EV sales reached 90,000 units, 131% higher in January-April 2016 than for the same period in the previous year. Demand for EVs is particularly strong in the major Chinese cities. Vehicle buyers in Beijing have to submit a request for a vehicle registration. Official data shows that applications for EV registrations reached 17,600, an increase of 5,000 over the previous round of applications. According to the Beijing Times, the city authorities have set a quota of 60,000 new EV registrations for 2016, with this expected to be completely used up by the next round of applications ending in August 2016. So far this year, 25,424 new EVs have been registered in Beijing.

The Chinese Government is encouraging vehicle customers to opt for EVs in a bid to help tackle air pollution in the major cities. The country’s auto manufacturers are also now amongst the global leaders in developing new EV models.

Related Content

  • Ritchie Bros sets auction record in Florida
    February 23, 2015
    Heavy equipment auction specialist Ritchie Bros set a record for a recent event in Florida. The firm sold over 10,500 items of heavy equipment items and trucks at the auction, held last week in Orlando, Florida. The five-day unreserved public auction ran from February 16th – 20th and attracted over 9,350 bidders who made offers either in person at the event or online. The bidders came from 81 countries while the auction generated over $179 million in gross auction proceeds. This included over $66 million of
    Read More
  • India’s massive demand for construction machines
    June 17, 2016
    India is the new focus for the world construction industry market. In 2015 there was a change in perspective in Asia, with demand for machines in China dropping in terms of construction growth. India posted growth of 5.3% during 2015, while China achieved growth of 4%. This change at the top has been confirmed by the SaMoTer-Verona Outlook. This is a construction sector observatory group set up in partnership with Prometeia, the international economic consulting and research firm, with the support of Una
    Read More
  • Road safety is an EU priority
    March 2, 2012
    The preparation of the new EU Road Safety Policy for the next decade will take place during Spain's presidency of the EU. Patrick Smith reports. An the past 10 years, half a million people have been killed on European Union roads, with road crashes costing an annual €160 billion or 2% the EU's GDP.
    Read More
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More

Highlighted Content