China to invest 124 billion yuan to expand charging pile market will add 4.8 million in 2020

According to reports, China and its China-China new energy vehicle market, China will invest RMB 100 billion in the development of charging piles. It is reported that the current number has exceeded that of Europe and the United States. In 2020, China will add 4.8 million electric vehicle charging piles.

According to reports, this is a major commitment made by the Chinese government to domestic electric car drivers, and its cost is not low.

Charging pile

According to the "Financial Times" estimates, each electric vehicle in China's streets will have a charging pile available for use. By 2020, 5 million new energy vehicles (ie, pure electric vehicles and hybrid vehicles) will be operating in China.

Analysts expect that the national plan to achieve the expansion of the charging network needs about 144 billion yuan in investment. Most of these funds may come from the Chinese government itself.

According to reports, there are currently about 190,000 charging posts in China - most of them have multiple interfaces. As a result, the world’s largest car market has the largest number of public electric vehicle charging devices today. According to data from the US Department of Energy, the United States currently has 16,600 public charging stations. An overview outline of the “European Alternative Fuel Lookout” states that there are 118,100 charging devices currently in use in the European Union.

According to the report, although the number of license plates in China's electric vehicles has increased significantly in recent months, only 66,000 new energy vehicles were sold in October, and the number has reached 405,000 units on an annual basis, but this has not yet reached new listings. More than 2% of the vehicle.

At the same time, the Chinese government is very generous in subsidizing electric vehicles: These vehicles can receive up to 8,000 euros in subsidies, and the amount of subsidies will decrease in the coming years. In addition, electric cars can be used at any time in a number of large cities, while the cards on ordinary vehicles are subject to strict restrictions.

However, even in a big city like Shanghai, charging facilities are obviously still inadequate. According to consultants, hybrid owners like them rarely recharge their charging posts because it is difficult for them to find charging posts outside the private garage. The country’s huge investment may completely change this situation.

Reported that the lack of charging facilities in Europe and Germany is also the reason for many potential buyers eventually deterred (in addition to the low mileage and high prices of electric vehicles). The existing charging piles in Germany are relatively unevenly distributed. Especially in rural areas, there are few charging posts in medium and small cities. The data shows that some of the public charging points in large cities are actually quite a few.

According to the report, Europeans also hope that the government will invest in building a more intensive charging network. But the plan here is far less concrete than the Chinese. EU member Miguel Arias Cannett, who is responsible for climate issues, plans to spend 80 million euros to promote the establishment of a network of charging stations in Europe. However, this money is part of the plan to promote environmentally-friendly cars by 2030. - And it is relatively small compared with China's development plan.

The German Ministry of Economic Affairs plans to spend 30 million euros before 2020 to promote private investors, local and municipal governments to install charging piles, of which two-thirds of the funds will be used for the construction of 5000 fast charging stations, and the rest will be used for Build 10,000 ordinary charging stations.

However, compared to China's development and renewal in charging piles (and the speed with which it is implemented is as fast as making a decision), these measures have become very small.

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