China’s electric car market given a jump-start by government and looks set to boost lithium industry

open pit lithium mine
An open pit lithium mine. Picture courtesy of The Future of Energy

The market for electric cars in China is huge already and it’s growing at almost an exponential rate annually. 

Commentators in the country include electric cars in the category called “new energy vehicles”, which also refers to hybrid energy vehicles, and are saying the market will be further accelerated as a result of government backing.

Edward Tse, CEO of Gao Feng management consultancy, says: “With the issuance in April 2017 of the Automotive Industry Mid to Long Term Development Plan, the Ministry for Industry and Information Technology provides guiding principles for the development of China’s auto industry for the next decade.  Continue reading China’s electric car market given a jump-start by government and looks set to boost lithium industry

Cheap batteries will accelerate sales of electric cars worldwide, says report

electric car illustration
Picture courtesy of Alternative Energy News

The growth in popularity of electric vehicles in China alone, even if it’s a trend not followed anywhere else in the world, is enough to drive the automotive market to make fundamental changes to the way it manufactures cars as well as the raw materials and fuels it uses. 

The China Association of Automobile Manufacturers says sales of new energy vehicles – which includes hydrogen – reached 507,000 units in 2016, representing an increase of 53 per cent compared with 2015.

In the previous year, the increase was similar. The steep upward trend seems to have taken off in 2014, according to analysis by BloombergContinue reading Cheap batteries will accelerate sales of electric cars worldwide, says report