return on investment
China is the world’s largest market for electric vehicles. As the Chinese government continues to insist on expanding electric mobility, its impact on the global vehicle market cannot be overstated.
Feng An, Executive Director of the energy and transport Innovation center based in Los Angeles and Beijing, noted that today’s Chinese electric vehicle market consists largely of minibuses. Last year, China sold about 1.25 million electrified cars. The state significantly limits sales of cars with an internal combustion engine in China, but Chinese buyers can easily purchase electric vehicles. Continue reading