The new superpower of the world also attracts the young market of electric cars. And although Tesla’s Elon Musk is the most popular brand when these vehicles are sustainable is concerned, China is the real king since the titan asia alone produces and uses more than half of the electric cars that exist in the world.
According to the data of the International Council on Clean Transportation (ICCT), in 2017 it produced 595,000 electric vehicles and sold 579,000 within their territory, well above its closest competitor, the united States, which stood at 200,000 and 195,000 respectively.
Since last year there are reports of how the chinese government has subsidized with billions of dollars in its electric vehicle industry. It has also taken measures of openness such as that from this year, the foreign entities can be 100% owners of companies in the sector, which has become more competitive, and has injected a boost even greater.
The offer immediately attracted to the big rollers of the sector, such as the ship-owner German Volkswagen, which decided to invest 10,000 million euros up to 2025 to develop and produce, along with JAC Motors, 40 new electric models aimed at the local market.
On the other hand, there are protectionist measures to safeguard the interests of the domestic manufacturers and the government plans that the future of the automotive industry in that country is electric. For example, from 2019 onwards, anyone who produce or import in China more than 30,000 vehicles must ensure that at least 10% of these are electric or plug-in hybrids. This figure would rise to 12% in 2020 and is expected to continue to rise.
China is driving from the top of their own revolution of the electric car with the vision that these vehicles sustainable will be competitive during the next decade as it expands the charging infrastructure and reduces the price of the batteries. Start, and in a first stage of a new era of more ambitious, the chinese government is ready to invest 25,000 billion yuan (about 3,200 million euros) between 2018 and 2020 to build new stations that will join the more than 171,000 existing. Subsequently, the chinese manufacturers invest hundreds of millions in R & D and in acquisitions of mining companies in Australia, South america and Africa to ensure the supply of lithium and cobalt, which are essential for the batteries.