China’s Five-Year EV Plan

The government of China is expected to adopt a plan later this year that foresees around a million plug-in vehicles and more than 2,300 charging stations by 2015. Recently the government representatives have announced that further incentives for the purchase of electric vehicles will be adoptedChina’s State Council is drafting a plan aimed at boosting electric vehicle production and purchase as well as development of infrastructure. Within the scope of its New Energy Vehicles programme, China plans to have a million electric vehicles (EVs) on the road in 4 years. The 12^th Five-Year-Plan (2011-2015) also envisages a total of 2,351 charging stations and 220,000 outlets to be built by State Grid Corp of China, the major power supplier in China.

EV buyers to benefit from subsidies and lower taxes

Currently the central government offers subsidies of around 60,000 yuan (about $9,340 or €6,890) for the purchase of an EV in the pilot cities. In addition to this the local governments may grant an additional financial support. The Chinese policy-makers together with industry will not only maintain the subsidy policy in the new plan, but they will aim to augment them, thereby making the electric-powered vehicles more attractive for consumers. Moreover, Wang Wei, director of the tariff department at the ministry of finance indicated that the tax rate for EVs is also likely to be decreased.

In 2009, the Chinese government initiated a programme to stimulate the rollout of electric vehicles in 10 major cities focusing initially on deployment of EVs for government fleets. Since then the plan has spread to more then 15 other cities and also targets adoption of EVs for personal use.

[Read More From Source: Cars 21]

Tags: Business, China, Electric vehicle, EV

China’s attitude towards EVs during energy crisis

Listen to Said Al-Hallaj, Chairman & CEO of ALLCELL TECHNOLOGIES, speaking about China’s attitude on the current technological advancement of electric vehicle against the impending energy crisis — small improvements are better than nothing.

Tags: China, EV

Batteries make EVs go … but it’s not as simple as it seems

There’s no way around it: Electric vehicles are coming. It’s just that what makes them go — batteries — are the rabbit in a horse race. It looks like lithium-ion has a long lead on the other technologies, but it’s a confusing and controversial race.

Global management consulting firm PRTM notes that cutting the cost of lithium-ion battery production “has been broadly discussed as the key enabler for electric vehicles (EVs) to become viable as mass market vehicles in the coming years. It is widely expected that battery costs will need to come down by more than 50% before the total cost of ownership of EVs will approach that of an internal combustion engine.”

[Source & Read More: Smart Grid News]

Tags: Batteries, EV, lithium-ion