Published on : Dec 15, 2015
China is infamous for being one of the world’s biggest polluters. The greenhouse gas emissions rate in China is very high and the government in the country has taken several steps to reduce the emission of toxic greenhouse gas emissions. One of the major steps the country has taken is to invest on a large scale in the domestic solar and wind sector. In the past few years, the adoption of clean energy in China has grown by leaps and bounds. However, this rising dependence on clean energy in China has still not been enough.
Smog choking has become a concern in the country due to the growing air pollution issues. Pictures of urban areas in China show that the skyline is shrouded in smog. The primary reason behind this issue has been the high GHG emission rate of the country. Every year thousands of pre-mature deaths occur in China and these are linked to air pollution. Concerned by the health of citizens, the country is taking aggressive steps to control the growing smog choking issue.
Supporting the adoption of electric vehicles (EVs) is one step that is projected to dramatically reduce air pollution in the country. The government in China is providing attractive subsidies to push the adoption of electric vehicles. This has prompted massive enquiries about electric car in the market. In fact, consumers are so wary of the air pollution that they are calling EV dealers over the phone to enquire about these cars.
The electric vehicles market in China also benefits from the stringent driving regulations imposed by the government over non-electric vehicles and hybrid cars. Due to these government policies, the sales of pure electric cars in the country have become five-fold in the first 10 months of 2015. This has helped China surpass the United States in the global electric vehicles market.
Due to these trends, a large number of private companies have entered the electric vehicles market. Private companies from non-automotive sectors have entered the electric vehicles market in China due to the rising demand for electric vehicles and the growing support from government. The growth of the China electric vehicles market will propel the overall EV market substantially in the foreseeable future.