China’s Electric Car Surge

FEBRUARY 17, 2017
1:40-3:00PM PST

SPEAKER

Yunshi Wang- Director, China Center for Energy and Transportation and Co-director, China-U.S. ZEV Policy, UC Davis

EVENT OVERVIEW

China’s plug-in electric vehicle (PEV) sales, comprising both battery electric and plug-in hybrid vehicles, surged 343% in 2015, and are expected to reach 2 million by 2020. Two factors are crucial to this sudden transformation: 1) massive central and local government subsidies, and 2) huge non-monetary incentives via exemptions from restrictions on vehicle ownership in Beijing, Shanghai, and elsewhere. Innovative business models and greatly expanded vehicle offerings, especially by local Chinese manufacturers, also helped accelerate PEV sales and infrastructure deployment. However, continued sales growth is threatened by persistent regional protectionism, the unsustainability of these large subsidies, and widely reported cheating by some automakers. We suggest some innovative policies that China might pioneer and transfer elsewhere.

 RECORDING

This seminar will also be recorded. View the seminar here

QUESTIONS

Please email any questions about the event to Natalie Ruiz natruiz@ucdavis.edu