Green cars can drive forward green economy
The ongoing surge in China’s production of newenergy cars is more than welcome. Although the total number of green cars is far from enough to ensure a substantial change in China’s energy consumption pattern anytime soon, its accelerated growth should give a huge boost to policymakers at home and abroad who are desperate to find ways to slow global warming and spur economic growth.
The latest statistics show that in the first half of this year, Chinese automakers produced 78,500 newenergy vehicles, including pure electric and hybrid vehicles, a threefold surge over the same period last year.
Compared with the country’s annual production of more than 20 million vehicles, it is more than obvious that the production of newenergy cares is still of little significance to the balance sheets of most domestic automakers.
Yet, contrasting sharply with the meager growth rate of 2.11 percent for the country’s auto sales in the first five months, a considerable slowdown from the 9 percent year-on-year growth rate in 2014, the triple-digit growth of green cars will probably persuade more domestic automakers to reconsider their investment plans.
And if all major Chinese automakers join in the competition for an advantageous position in China’s market for newenergy cars, which is expected to become the world’s largest, surpassing that of the United States, the growth in green cars will be further accelerated, which will make a real difference.
After more than three decades of double-digit growth, the Chinese economy, the world’s second-largest, has slowed considerably in recent years to accommodate necessary economic restructuring. But it is expected that the rapid greening of the Chinese auto industry will spearhead the country’s efforts to pursue more energy efficient