Support from the Chinese government helped the country's electric car production in October jump eightfold year on year to 50,700 vehicles, says the Ministry of Industry and Information Technology.

Output of pure electric and plug-in hybrid passenger vehicles in October 2015 was 850% and 200% higher, respectively, than in October 2014, added the Ministry.

In the first ten months, Chinese carmakers produced 206,900 new energy vehicles, three times as many as they did in the same period last year.

Intense promotion by the government has brought more and more new energy vehicles onto China’s roads, with measures including tax exemptions, subsidies and requirements for government bodies to buy environmentally friendly models.

In March, the Ministry of Transport set a target of 300,000 new energy commercial vehicles on China’s roads by 2020: 200,000 new energy buses and 100,000 new energy taxis and delivery vehicles.

The State Council also announced plans in early October to build a nationwide charging-station network, which will fulfil the power demands of 5m electric vehicles by 2020.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.