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China May Subsidize EV Charging Costs
China’s central government is developing a plan to subsidize the cost of charging electric vehicles.
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China’s central government is developing a plan to subsidize the cost of charging electric vehicles.
China is already the world’s largest EV market by a wide margin, with 2.3 million electric vehicles on the road. The country has about 960,000 EV charging outlets in place now, Bloomberg News reports.
The policy, due within a year, comes as China begins to phase out subsidies to EV manufacturers by the end of 2020. Those funds would be diverted to expanding and increasing the speed of the country’s EV charging network.
Liu Kai, an official with China’s Electric Vehicle Charging Infrastructure Promotion Alliance, is helping to draft the plan. He tells Bloomberg that the proposed expansion would multiply the capacity of the country’s charging site sixfold to roughly 350 kilowatts. Doing so would make EV charging as fast and efficient as refueling a conventional car, Liu says.
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