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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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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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