BMW Sees China as Biggest Electric Car Market by 2019
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Bayerische Motoren Werke AG predicts China will become the world’s largest market for electric vehicles as more charging infrastructure is built and the government promotes cleaner cars to cut pollution.
China will reach that target in at most five years, said Karsten Engel, BMW’s China head, at an event in Shanghai yesterday marking the automaker’s collaboration with the city’s municipal power company. As part of the partnership, the State Grid will build public charging points at the former World Expo site, one of 46 such areas the city is targeting by the end of the year where EV owners can power their cars, according to Fan Ye, general manager of electric vehicles at State Grid Shanghai.