This white paper released by Solidiance about “Electric Vehicles in China” comprehensively explores the current condition of this industry and explains the possible reasons behind its growth which seems to be unexpectedly slower than the initial projection.
Being the largest manufacturing center in the world, China’s industry contributes to over 50% of total energy demand, and transport sector is even expected to grow at a faster rate with a significant increase of auto vehicles sales. The government has set ambitious goals and put aggressive efforts for electric vehicles, but the adoption rate is significantly lower than initially expected. This white paper explains the main hindrances of green vehicle adoption in China, and how the HEV (Hybrid Electric Vehicle) and PHEV (Plug-in Hybrid Electric Vehicle) have been chosen by OEMs as a bridge to achieving BEV (Battery Electric Vehicle) in the country.
Through this white paper, Solidiance analyzes how the industrial players (both foreign and local OEMs) in the country are responding to the regulatory framework pertaining to the green goals. It mainly aims to answer the question of why the growth of electric vehicle sector in China is not as fast as expected and what needs to be done to bridge the existing gap.