Wednesday, 24 October 2012

China EV parc around 13,000 units

Bloomberg New Energy Finance said in a research note that EV sales in China totaled about 13,000 vehicles from 2009 to 2011, and that figures for 2012 are “not expected to be orders of magnitude higher,” the London-based researcher said in a statement released today.

The Chinese government aims to have 500,000 cumulative sales by 2015 and 5 million by 2020. Those targets were outlined in the New Energy Vehicle Industrial Plan for 2012 to 2020 released in July, part of an effort to cut pollution and help the Chinese auto industry catch up with foreign competitors, New Energy Finance said.