China is the world’s largest car market, and the US comes second. Now PRC is leading the sector and Chinese forms are becoming popular abroad too
The future of electric car is in China, despite Middle Kingdom was never known as car-making country. but last few years something changed. Today, while we’re driving to Chinese cities streets, we’re driving in the future. A future where the world can buy cars not only dorm US, Japan or Germany. But from China too. And we are talking about an EV.
In Shenzhen, one of PRC Silicon Valley’s, electric cars are everywhere. Electric cars becoming to be part of daily life in China here. Back to 2013, the numbers of EVs was about 10 thousands units, last year, we arrived more than 2 millions: in 2018, more electric cars were sold in China than in the rest of the world combined.
The Chinese government has spent nearly $60 billion in the last decade to create an industry that builds electric cars, while also reducing the number of licenses available for gasoline-powered cars to increase demand for electric cars. As we know, PRC is both seriously at risk due to global warming with its coastal megacities, especially Shanghai, and has an international reputation as one of the worst two contributors to global warming. But in the last decade Beijing put in act a radical policy to change this tendency.
Actually China has taken a global leadership stance over the past 18 months, stepping into the US step-back.
Electric vehicles are a major wedge in the global warming fight, but the government is pushing forward to develop a “green technology” for a “green economy”. Today we have Chinese firms being leaders in the emerging low-carbon economy. They already own the lion’s share of the solar panel market.
Envision, Ming Yang, Guodian, and Goldwind are 3 of the 10 largest wind turbine manufacturers in the world. And as this list of electric car companies shows, China is committed to having its firms at the forefront of the future of transportation too.
Chinese EVs revolution started with two-wheelers. China has 99% of the world’s 250 million electric two-wheelers. That’s nearly 100 times the total number of electric passenger cars in the world. Starting in 1999, Beijing designated electric two-wheelers that can’t go faster than 20 km per hour (12 mph) as “bicycles.” That meant they could be used without a license or registration and ridden in bicycle lanes. Next, it restricted the ownership of gasoline-powered two-wheelers in the central parts of cities. And now China’s growing electric-vehicle market is no longer relying on government purchases.
Data released by China Passenger Car Association (CPCA) showed that sales of passenger electric cars reached around 250,000, more than double than in the same period last year. In the first quarter of 2019, they accounted for 92% of all EV sales. Thus, the role the role of individual buyers is more prominent. The competition is getting fierce and China now has more than 100 electric-car makers.
BYD: From China to US buses, the Chinese brand that started “electric revolution” of public transportation
BYD is still world’s largest EVs-maker. In Western countries we already seen BYD logo on some city buses. But this company, it has been selling fully electric and hybrid cars in China for years. In Europe is mostly off of the radar of private market, but with China’s push to lead in the EV space, expect this brand and others to potentially start appearing on roads in the West.
En fact, the EVs maker already have a US and Europe presence for fleet and utility vehicles. BYD builds all-electric taxis and buses to replace the current gasoline and diesel ones, to reduce emissions from the transportation sector and cut down the operational cost of buses and taxis by two thirds or more. But other player are following behind.