China to reach one million units
Production of Electric Vehicles (EVs) in China could reach one million units by next year and three million by 2020. Chairman of carmaker BAIC group, Xu Heyi said the production is likely to exceed a target set by the Chinese government. “Rather than the time when gasoline-fuelled cars are withdrawn, it is more important to consider the extent to which new energy vehicles are popularized, or their market share,” Xu told reporters at the Communist Party Congress. Wang Chuanfu, chairman of leading EV producer BYD, said in September that all of China’s vehicles could be “electrified” by as early as 2030.