Within the transportation sector, road transportation accounts for about 70% of CO2 emissions. Vehicle electrificat… https://t.co/Gi18TmP5rU
China to further regulate low-speed EV industry, curb new capacity
China's top industry regulators, including the Ministry of Industry and Information Technology (MIIT) and National Development and Reform Commission (NDRC), issued a statement on 8 November relating to further regulation of the low-speed electric vehicle (EV) industry. According to the statement, provincial governments are required to carry out a thorough investigation of enterprises engaged in the manufacturing of low-speed EVs in their regions. New capacity related to production of such vehicles will not be approved. Applications for market entry of new models will not be approved under the new regulations.
Significance: In China, a low-speed EV is defined as a pure battery electric vehicle with a designed travelling speed of less than 70 kilometres per hour. Pushed by growing demand in rural areas and small townships and cities, the low-speed EV market flourished in the past five years. However, the industry has never been properly regulated due to lack of standards. Low-quality products also lead to surging numbers of road accidents. Such vehicles are also believed to inhibit the growth of the sub-compact EV segment. The Chinese regulators' determination to clamp down on the low-speed EV industry has also put an end to manufacturers which intended to bring unique products to the market. A typical case is CHJ Automotive's SEV project. The auto start-up company decided to halt its project of the SEV, a mini-size low-speed EV which it debuted in Europe, due to lack of regulation and subsidies to support the market adoption of such vehicles in China.
Read more articles like this one. Get a free trial to AutoIntelligence Daily
- Automotive electrification and decarbonization: Shifting toward net-zero
- Fuel for Thought: Automotive Electrification and Decarbonization - Shifting gears towards Net-Zero
- Tesla Encounters Formidable Competition
- EV Charging Infrastructure Report and Forecast
- Updated Analysis on the EU Green Deal
- Powertrain market analysis for revised EU fleet emissions scenarios
- Impact of supplier issues on the North American truck production
- The Chip Dip: Latest Global Impact of Supply Chain Constraints
July’s Newsletter: Road transport contributes 70-80% of CO2 emissions. Major markets will face challenges to meet t… https://t.co/YiN5tGxVi4