Green cars can drive for­ward green econ­omy

China Daily (Canada) - - FRONT PAGE -

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

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