China’s Shanghai To Accelerate EV Development
China’s Shanghai city is on target to have an output capacity of 1.2mn units/yr for new energy vehicles (NEVs) by 2025 and accelerate the development of a green transportation energy system.
The east China coastal city aims to achieve a NEV output value of more than 350bn yuan($54bn) by 2025, accounting for more than 35pc of the city’s entire automotive industry, according to the city’s development plan for the NEV industry during 2021-25.
The city’s government is targeting a more than 50pc share of pure electric vehicles (EVs) of newly purchased vehicles by individual consumers by 2025, as well as a 50pc share of online ride-hailing cars, a more than 80pc share of public service and sanitation vehicles and a 100pc share of buses, official vehicles and trucks in downtown areas and postal vehicles in the city’s NEV sales.
Shanghai also plans to promote the use of fuel cell vehicles, with a target of 10,000 vehicles on the road by 2025.
The city will provide support to local auto manufacturer SAIC Group to help the firm meet a targeted share of more than 30pc of the firm’s NEVs under local brands in its total vehicle sales, as well as a more than 20pc share of all NEVs in the company’s total sales.
Shanghai city will continue to provide free special licence plates to new consumers of EVs and fuel cell vehicles in the next two years in an effort to encourage the use and purchase of environmentally friendly vehicles.
The Chinese central government has adopted a variety of measures to boost NEV consumption in the past year. It has also announced a development plan for the NEV industry during 2021-35, targeting a 20pc share of NEVs in the country’s total vehicles sales by 2025.
The country produced 1.366mn NEVs in 2020, up by 7.5pc from 2019, with sales rising by 10.9pc to 1.367mn, according to China’s automotive manufacturers association. January 2021 sales reached 179,000 vehicles, up by 238.5pc from a year earlier but down by 27.8pc from December.
www.ferroalloynet.com
