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With the Drop in Electric Car Sales and Sudden Increase in Diesel Vehicle Sales, China Decided to Reduce Its Investments in the Electric Industry
The rising demand for diesel cars and the decline in electric cars reflects the global recovery of China’s economy and, in particular, its domestic automotive market. The Chinese government demonstrates a desire to be a leader in electric auto technology and is supporting the industry with subsidies, cancellation of registration restrictions, and the construction of a robust charging infrastructure for this type of vehicle.
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Electric Cars in China
From January to November 2020, sales of 100% electric cars grew by 4.4% compared to the previous year, a figure that contrasts with the 7.6% decline in passenger car sales, according to the Chinese government.
However, by the end of 2020 and the beginning of this year, Chinese manufacturers reported a 12% increase in diesel car sales.
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São Paulo surprises the world with a colossal railway network project that promises over 1,000 km of tracks, R$ 194 billion in investments, and 40 projects connecting the capital to the interior with fast and sustainable trains.
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The world’s largest escalator, measuring 905 meters in China, reduces urban travel time from 1 hour to about 20 minutes and transforms mobility in mountainous regions with an engineering solution adapted to the terrain.
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A R$ 300 million logistics giant is taking shape in Serra with over 100,000 m² and raises a question: how can this transform e-commerce and distribution in the state?
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Could Uber Rides Lose Minimum Fare? Understand What’s Happening!
Reports from Chinese media state that efforts in car production will be reduced by 20%, and regarding the production of buses, taxis, and other means of transport for services, the reduction will be 10%. China’s sudden shift to produce more diesel cars is not expected to significantly affect the market, according to experts.
China Already Has 1.41 Million Charging Stations for Electric Cars
A recent survey by the China Electric Charging Infrastructure Promotion Alliance shows that in September 2020, the companies that are part of the alliance reported a total of 606,000 active public charging stations for electric cars, an increase of 14,000 points in September 2020 compared to the previous month.
Considering the number of private charging stations, as of September this year, the accumulated number of charging infrastructure (public + private) throughout China was 1.418 million charging points.
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