China to rev up investment on electricity recharging facilities to support EV growth
Charging services for electric vehicles (EVs) in China will be enhanced greatly in the next three years with more market participation and less government involvement, said a Chinese senior official on Saturday.
The boom of EV sales in China in the past few years has called for more investment in electricity charging facilities. However, the segment, generally in a weak position in the entire industrial chain, has a lower growth rate compared with that of EVs. This situation calls for more attention if the new-energy vehicle (NEV) sector wants to realize coordinated growth.
Li Ye, executive director for regulation at the National Energy Administration (NEA) of China, said at the China EV100 Forum held in Beijing on Saturday that the charging industry is faced with problems like insecure basics and imbalanced layout in the country.
Li told the forum that as of the end of last year, China’s charging piles had reached 760,000, up 320,000 compared with the end of 2017.
Of the total, about 300,000 were owned by the public sector, which has seen a slow growth rate. The rest were invested by private businesses, which have maintained high growth in line with the NEV industry’s transformation from government-led to market-driven, said Li.
As of the end of November 2018, Beijing had 219,000 NEVs and 147,000 charging piles, of which about 73 percent were privately owned.
However, getting battery recharged is still not convenient for every EV owner in Chinese cities.