Oversea Automakers to Accelerate to Enter China Electric Car Market

http://www.gochinaauto.com/index.php


August 9, 2010 — Heaven (Views: 33)

China huge market potential for electric cars is attracting more and more oversea automakers’ attention. Because subsidies for electric cars in China are high, Japanese and European automakers are accelerating to enter China electric car market. At 2010 Beijing auto show, almost all major automakers have showed their electric cars such as Nissan, Mitsubishi, GM and China independent auto brand, BYD.Â

Nissan believes that by 2020, electric cars will account for 10% of shares in the global automotive market. Over the same period in China, new energy vehicles will account for approximately 20% of shares in China auto market. Nissan electric cars next year will enter China Wuhan auto market. First, Nissan will introduce 25 Nissan Leaf electric cars as the public vehicles. And Nissan will install 250 sets of General charger s and 2 sets of quick chargers in Wuhan city to create the operating environment for electric cars. At the end of June, Nissan Leaf electric cars in Japan and U.S. market have been sold by over 23,000 units.Â

This week GM officially announced Chevrolet Volt hybrid electric car was priced at 41,000 U.S. dollars in the United States auto market, and the users who buy Chevrolet Volt hybrid electric car also will receive 7500 U.S. dollars of personal income tax credit amount. China and Europe in the fourth quarter of 2011 will officially introduce Chevrolet Volt hybrid electric car. Many countries have introduced new energy vehicles subsidies, the subsidy of the United States is 7,500 U.S. dollars, the subsidy of France is 5,000 euros, and the subsidy of China is 60,000 CNY which is basically the same with other countries.