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China may overtake U.S. to become largest new energy car market in 2015

Nov 20, 2015 (China Knowledge) – Experts estimated that China may have outpaced the U.S. to become the world's largest new energy car market in 2015, as the country launched a slew of preferential policies to boost the green car sector this year.

In a fresh push to promote the development of the country's electrical vehicle industry, the State Council issued on Oct 9 a circular to step up the construction of electric car charging stations so as to supply 5 million plug-in vehicles by 2020.

Chinese car makers made 36,400 new energy vehicles in Oct alone, soaring 420% from a year earlier, and sold 34,300 such vehicles, surging 500% year on year. In the first ten months of this year, the country saw its output and sale of new energy vehicles amount to 181,200 and 171,100, respectively, up 270% and 290% year-on-year, according to statistics released by the China Association of Automobile Manufactures.

China may sell more than 200,000 new energy vehicles for the whole year 2015, and may have become the largest new energy car market, surpassing the U.S., expected Wang Binggang, one of the experts managing the National High-tech R&D Program (863 Program) sponsored by the Ministry of Science and Technology.

Moreover, Wang forecast there will be approximately 50 million cars on the roads in China.

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