Voice:China to Lead the Way in Electric Auto Vehicle
2009-06-01 Source：english.chinabuses.com
China is set to become the world's largest producer of environment-friendly auto vechicle within 10 years, largely due to the central government's backing and the domestic auto makers' ambitions to push electric vehicles, according to business consulting firm Bain & Company.
The country is set to dominate the battery-powered car segment as the government has aggressively pushed for technology development, which in turn will breed more early adopters, said Marc Lamure, partner, Bain.
The State Council issued a plan in March aimed at turning China into a global leader in new energy cars, including electric ones, by 2011 with an annual production capacity of 500,000 units.
"Electric vehicles are a big opportunity for domestic carmakers to compete with foreign brands, which still lead in the gasoline-powered vehicle segment. The government push will propel Chinese players into the big league," said Serge J Hoffmann, partner, Bain.
Lamure feels that it would be easier for Chinese low-cost vehicle makers to switch over to electric vehicles than their international counterparts.
The survey, however, indicated issues like battery technology and support infrastructure, still need to be strengthened before electric vehicles take off.
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