The progress of electric vehicles in China

As a green sunrise industry, electric vehicles have been developed in China for ten years. In terms of electric bicycles, at the end of 2010, China’s electric bicycles have reached 120 million, and they are growing at a rate of 30% per year.
From the perspective of energy consumption, electric bicycles only have one-eighth of motorcycles and one-twelfths of small cars;
From the space occupied, an electric bicycle occupies only one-twentieth of the space of a general private car;
From the perspective of development trends, the market prospects of the electric bicycle industry are still optimistic.
Electric bicycles have been favored by low-income groups in cities for their low-cost, convenient and environmentally-friendly functions. China's electric bicycles have been put into the market in small batches since the research and development in the mid-1990s, and production and sales since 2012 have been increasing year by year. Due to strong demand, China's electric bicycle market has maintained a leap-forward growth in recent years.
The data shows that in 1998, the national output was only 54,000, and in 2002 it was 1.58 million. By 2003, China's electric bicycle production reached more than 4 million, ranking first in the world. The average annual growth rate in 1998-2004 exceeded 120%. . In 2009, the output reached 23.69 million units, an increase of 8.2% year-on-year. Compared with 1998, it has grown by 437 times, and the development speed is quite amazing. The average annual growth rate of electric bicycle production in the above statistical years is about 174%.
According to industry forecasts, by 2012, the electric bicycle market will reach 100 billion yuan, and the market potential of electric vehicle batteries alone will exceed 50 billion yuan. On March 18, 2011, the four ministries jointly issued the "Notice on Strengthening the Management of Electric Bicycles," but eventually became "a piece of paper". It means that the electric vehicle industry is facing huge market survival pressure in the long-term better environment, and the policy restriction will become an unresolved sword for many enterprises to survive; while the external environment, the international economic environment is weak, the recovery is weak, and the electric power is also made. The export bonus of the car will be greatly reduced.
In terms of electric vehicles, the “Energy Conservation and New Energy Vehicle Industry Development Plan” has been clearly reported to the State Council, and the “Planning” has been upgraded to the national strategic level, aiming to arrange a new bureau for the automobile industry. As one of the seven strategic emerging industries identified by the state, the planned investment of new energy vehicles will reach 100 billion yuan in the next 10 years, and the sales volume will be the first in the world.
By 2020, new energy vehicles will be industrialized, energy-saving and new energy vehicles and key component technologies will reach the international advanced level, and the market for pure electric vehicles and plug-in hybrid vehicles will reach 5 million. According to analysis and forecast, from 2012 to 2015, the average annual growth rate of electric vehicle sales in China will reach 40%, most of which comes from pure electric vehicle sales. By 2015, China will become the largest electric vehicle market in Asia.