China occupies half of the world's electric vehicle market, surpassing Europe, Japan and the United States combined

　　 According to US media, the global electric vehicle market is clear at a glance: China is far ahead, and other countries have just started.

　　 According to a report on June 13 by the US Quartz Finance website, the non-profit research organization International Committee on Clean Transportation stated that China accounts for half of the world's electric vehicle production and sales. Of the 1.1 million electric vehicles manufactured worldwide last year, China manufactured 595,000, and the number of electric vehicles purchased by Chinese is similar to the production volume. This figure exceeds the sum of Europe, Japan and the United States.

　　 reported that the size of the Chinese auto market-which has now surpassed that of the United States-is one reason for the rapid growth in electric vehicle production and sales, and the Chinese government is another reason. The International Clean Transportation Committee stated in its white paper on electric vehicles issued in May this year: “Policies are the fundamental driving force for the growth of electric vehicles in the world.” No country is as committed to the development of electric vehicles as China.

　　 The report stated that the United States encourages the development of electric vehicles by funding basic research, promulgating pollution and fuel efficiency standards, and a tax reduction of $7,500 for electric vehicles. In contrast, China has formulated a national policy to establish a complete electric vehicle ecosystem at all levels. According to the International Clean Transportation Commission, China’s financial incentives to encourage the purchase and manufacture of electric vehicles and the construction of charging infrastructure are the best in the world.

　　 According to reports, between 2009 and 2015, China allocated 59.1 billion yuan to provide subsidies to consumers who purchase “new energy vehicles”. "New energy vehicles" is its name for batteries and plug-in hybrid vehicles. Bloomberg News reported that the Chinese government's goal is that by 2020, the annual output of new energy vehicles will reach 2 million. The Chinese government has formulated a battery supply chain plan to vigorously stimulate battery manufacturers to produce in China.