China Seen Stepping Up Push for Electric Cars in Five-Year Plan
- China is behind on its EV sales, with 22% of end-2015 target
- China may encourage local carmaker consolidation to compete
This article is for subscribers only.
China may increase its emphasis on achieving targets for adoption of electric vehicles in the next five-year plan and continue to encourage consolidation among local carmakers, according to a Bloomberg Intelligence report.
The ruling Communist Party, which will present the 13th Five-Year Plan at a plenum in October, may prioritize the building of more charging stations and improving the efficiency of batteries to address the shortage of places to recharge, high costs and limited driving range, according to a report by BI analysts Steve Man and Ji Shi.