China wants to be a global leader in electric vehicles, invests €10,5 billion, Vehicles will grow from 70 million to 200 million in ten years


The electric car revolution is firing on all batteries with the first mass-market electric vehicles (EVs) going on sale in selected cities around the world. And China, desperate to clear increasing smog over its car-crazed cities, has vowed to become the world leader of the revolution – last month, the government made a commitment to spend 10.5 billion euros over the next decade. Considering the staggering predicted growth of China’s car industry, it needs to take immediate action. By 2020, China’s Ministry of Industry and Information Technology estimates, there will be more than 200 million registered vehicles on the roads, compared to the 70 million today. But while zero-emission EVs are being hailed as C02 saviors, doubts still linger about whether China’s aspiring new drivers will embrace these new and un-tested cars.

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About 3xG Admin

I am interested in Gold, Silver, Energy, Geopolitics, Economics, Religion, Demography, History, Complex systems, Critical theory, Antipositivism, Sociology of knowledge and Chaos theory.
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