Dear MEL Topic Readers,
Proposal to stimulate production of new
energy vehicles in country
China is driving in top gear to lead the world
clean energy vehicle technology and business. There are over 3 million electric
vehicles on the road in China, more than the US and European markets combined. More
surprisingly, nearly half of the e-vehicles on the US road are in California
and close to a quarter in Europe is in Norway, which means that other parts of
those markets are quite behind in the electric car race.
Now China is pushing its accelerator even harder
to be a cleaner vehicle environment by the credit system. They are already posing energy
vehicle quota that automakers are obliged to achieve. In 2019, carmakers that
sell 10% or more new energy vehicles of the total sales get good credit and 12%
in 2020. Those that haven’t achieved the target ratio are required to buy
credit, meaning they need to pay penalties. Now, they’ve announced new quota
for the following years, 14% in 2021, 16% in 2022, and 18% in 2023. They also announced
to give less-negative points on hybrid vehicles to improve overall fuel
efficiency on the road.
Since China’s car market is the largest in
the world, accounting for nearly a third of the world’s car market, all the global
car manufacturers are putting their best technologies and most capital into the
market. As a result, China is going to lead the world’s cleaner vehicle market,
production and technology.
One of the most prominent science fiction
writers, Arthur C. Clarke, wrote in his 2010: Odyssey Two that Chinese
spacecraft beat US-USSR spaceship to reach one of Jupiter’s moons to probe the abandoned
US spaceship, Discovery. He wrote it in 1982. What foresight!
Enjoy reading and imagine what the world automotive
market will be like in the middle of the next decade.
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