To Beat Tesla, China Plans To Boost Electric Vehicle Sales 10-Fold

The electric vehicle revolution is now as unstoppable as the renewable revolution. China understands that fact better than any other country.

Much as China did whatever was necessary to become the global leader in manufacturing and deploying both solar and wind energy, they are doing the same for electric vehicles and batteries. They became the number one market for electric vehicles last year, as their sales tripled, Europe’s almost doubled, and America’s flatlined.

The Chinese government is aiming at a more than 1,000 percent increase in sales by 2025, some 3 million units a year. And as Bloomberg reports, to achieve that remarkable goal, “it’s offering subsidies that can total 60 percent of an electric-car’s sticker price.”

What China understands is that EVs are the cornerstone technology for low-cost, low-carbon transport — AND a core enabling technology for deep penetration of renewables into the electric grid....
https://thinkprogress.org/china-to-boost-electric-vehicle-sales-10-fold-211053eb032b#.f6nwxez9g