China Aims To Be No. 1 Globally In EVs, Autonomous Cars By 2030 – Forbes
Move over Detroit, Tokyo, Seoul and Wolfsburg.
China aims to race ahead of everyone in electrics and autonomous vehicles, according to a massive new planning document that surfaced last week in Beijing.
Pure electric and plug-in hybrid electric vehicles (China calls them “new energy vehicles” or NEVs) are expected to account for 40 percent of 38 million sales in 2030, or about 15 million units.
Imagine: 15 million electric vehicles! America’s entire vehicle market this year – with record low interest rates and sky-high incentives – will reach just 17 million.
China has ambitious plans for autonomous vehicles, too. “Partially-autonomous” cars (think driver assist) are to account for 50 percent of sales by 2020. “Highly-automated” cars (not quite fully autonomous) will take 15 percent of sales in 2025. By 2030, fully autonomous vehicles are expected to feature in 10 percent of sales. Thats’s 4 million completely robo cars annually.
China also plans for breakthroughs, but not world leadership, in emissions. In 2020, the average fuel economy will be 5 liters per 100 kilometers. That ratio will go 4 liters per 100km in 2025 and 3.2 liters per 100km in 2030.
The European Union targets 4.1 liters per 100km by 2020.
These are the key takeaways from a 450-page draft plan published last week by the Ministry of Industry and Information Technology (MIIT) and China’s Society of Automotive Engineers. The Chinese-language document is called “The Technology Road Map For Energy Saving and New Energy Vehicles. ( I would like to thank Fei Meng from the University of California-Davis’ Institute of Transportation Studies for distilling the most crucial numbers).