Description:
In this report funded by the World Bank and carried out by the firm PRTM, China’s New Energy Program and 10 Cities 1000 Vehicles program are evaluated. China is on the forefront of electric vehicle (EV) and hybrid electric vehicle (HEV) development leading the world in funding of new energy vehicles (100 billion RMB investments by 2021). Leading the development of new energy technologies is faced with challenges such as policy, grid solutions, standards, new business models, new technologies, and customer acceptance. This report reviews China’s current energy programs and predicts future government and commercial changes to come due to new energy technologies.
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