Source: AllChinaTech.com – China’s dream of “leapfrogging” its electric vehicle (EV) industry has ran into some bumps on the road.
After reports of widespread abuse, the government has decided it was time for a complete overhaul of the generous subsidy system for EVs, leading to a massive 74% fall in sales of new energy cars in January. Among other factors, problems in the industry were caused by difficulties in developing the kind of high technology that could compete with EV stars like Tesla.
But many argue that China’s EVs should take a more indigenous path. Instead of trying to compete with the world’s automotive giants, China could become the champion of the anti-Teslas. Judging from the figures, it is already making great leaps towards that goal. Despite the lack of government support, China’s low-speed electric vehicles (LSEV) have experienced a boom, rising from only 23,000 produced units in 2009 to 688,000 units in 2015.
Read the full article here: http://allchinatech.com/14954-2/
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