According to the Xinhua News Agency quoted by Reuters, China's Ministry of Industry and Information Technology - Miao Wei said that as of the end of last year, a total of 214,000 public charging piles have been built nationwide, achieving a year-on-year growth of 51% and maintaining the largest ownership in the world. Ratio of newly installed private charging piles has exceeded 80%.
However, Miao Wei also pointed out that as the number of new energy automobiles continued to grow, the issue of insufficient structural supply of charging infrastructure had become increasingly prominent with the overall scale still lagging. The number of public charging piles to be constructed in 2020 will top up about 500,000 units, but it still does not match with the development scale of new energy automobiles in the same period. On the other hand, the distribution of charging facilities is not reasonable enough, considering that the utilization rate of public charging piles is less than 15%. As a result, a sustainable business development mode has not yet been formed due to two-way contradictions such as the contradiction between the weak profitability of operating companies and the high charging prices borne by consumers.
It is reported that China manufactured 794,000 new energy automobiles in 2017 and sold 777,000, where the latter accounted for 2.7% of the total output of automobiles, ranking first in the world for three consecutive years. The ratio of sales of new energy passenger cars in last year was close to 75% amid the rapid rising of consumer car market.
By 2020, it is expected that China will produce and sell new energy automobiles at a rate of 2 million vehicles per year. According to China Association of Automobile Manufacturers, it is estimated that the sales of new energy automobiles will grow by about 40% this year. New energy automobiles include hybrid and pure electric automobiles.
China's Ministry of Finance said in December last year that extending the preferential policies for the purchase of new energy automobiles to 2020 will push the development of manufacturers of hybrid and electric automobiles.
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