Thursday 11 November 2010

Is China catching up in the EV market?

Shenzhen 'Low Carbon City for High Quality Living'
Actually no, it may soon be roaring ahead. Looks like we have a new Space Race, except this time it's electric cars and the US vs China. One example: Shenzhen has no EVs today, but the Mayor of Shenzhen city has stated that in less than three years there will be 35,000 EVs on the city's streets and he should know. Meanwhile, China has set itself the goal of becoming the world's number one market for EVs, with a target of one million produced in China per year by 2020. If that sounds unlikely get this: a decade ago there were no electric bikes in China - now there are more than 100 million.