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Emerging Global Electric Vehicle Demand to Benefit China

Electric Vehicles (EVs)Beijing – Driven by four global megatrends – reducing CO2 emissions, oil concerns, growing congestion, and rapid technology advances – countries worldwide are focusing strongly on vehicle electrification with China emerging as an important test-bed for innovation, according to a new study financed by World Bank.

The World Bank study analyzes ‘China’s New Energy Vehicles Program’, as well as the ‘Ten Cities, Thousand Vehicles Program’, which was launched by the Chinese government in 2009 to stimulate electric vehicle development through large pilots, initially in ten cities, and now in 25 Chinese cities.

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