{"id":450,"date":"2019-07-13T13:04:03","date_gmt":"2019-07-13T13:04:03","guid":{"rendered":"http:\/\/nitk.acm.org\/blog\/?p=450"},"modified":"2019-07-13T13:04:03","modified_gmt":"2019-07-13T13:04:03","slug":"the-growth-of-chinese-electric-vehicle-industry","status":"publish","type":"post","link":"https:\/\/nitk.acm.org\/blog\/2019\/07\/13\/the-growth-of-chinese-electric-vehicle-industry\/","title":{"rendered":"The Growth of Chinese Electric Vehicle Industry"},"content":{"rendered":"

With the present scenario of pollution and global warming all around the globe, it’s clear that the approach towards saving the environment needs to be changed and this has to be done soon!!!<\/p>\n

One major change that is surely about to take place, and that too for good is the rise of electric vehicle (EV) technology. Electric Vehicles offer many benefits over conventional combustion engine vehicles. Apart from being environment-friendly, they are also turning out to be pocket-friendly. With the daily rise in fuel prices, the use of electricity instead of fuel seems an economical alternative. Not only that, several countries are giving tax benefits with the purchase of EVs to promote this green technology.<\/p>\n

Going a step ahead, using renewable sources like solar or wind energy to produce electricity for EVs can further help in making this technology more greener and reduce electric costs.<\/p>\n

Considering all these facts, it can be confidently said that Electric Vehicles are the future of the automobile industry. Whether you believe it or not, they are coming, and they are coming sooner than anyone thought.<\/p>\n

But contrary to what many people believe, China will be on the driving seat of this new revolution instead of the United States. One of the major reasons for this is the support provided by the Chinese government to develop this budding industry. For instance, the Chinese government had spent nearly $60 Billion in the last decade to promote and establish the Electric Vehicle Industry. Two reasons led the Chinese Government to invest such a huge amount of money in a single industry.<\/p>\n

First was the need to protect its cities from polluted and deadly air emitted from combustion engines. Chinese cities were the most polluted cities in the world a few years ago. Introduction to EVs has helped to reduce this, thus making Chinese cities cleaner than before.<\/p>\n

The second reason was the vast amount of opportunity that the Government and Industrialists saw in this industry. Traditional Chinese Automobile Industries have always lagged behind other global competitors. Even though Chinese Automation Industry has been the largest automation industry in terms of volume produced, most of the sale and recognition is at the national level and not at the global level.<\/p>\n

But this might not be the case with Electric Vehicles.<\/p>\n

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China already produces more than half of the world’s Electric Vehicle Batteries, which play an important role in deciding the price of the vehicle. With daily technical growth, China has now access to cheaper batteries which may result in making the EVs even more affordable.<\/p>\n

Today China has more than 100 electric vehicle makers along with many more companies that supply components for these vehicles. China also has more than 99% of all the electric two-wheelers in the world.<\/p>\n

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Moreover, China has invested heavily in developing a network of EV charging stations. Developing such a network is important to promote the Electric Vehicle Industry. People will only be confident about buying EVs when they know that proper infrastructure is available and charging stations are the most important part of that infrastructure.<\/p>\n

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Although today, the United States leads the Electric Vehicle industry, thanks to certain key companies like Tesla, Nissan, Kia and many more, China is completely ready to overtake as the global leader in the EV industry due to the strong support provided by the government there and \u00a0the presence of strong and affordable technology developed over a long period of time.<\/p>\n

Soon economical Electric Vehicles from China may overtake the western market if provided with proper and fair trade regulations and business atmosphere.<\/p>\n

\u00a0 \u00a0 \u00a0– Abhi Kalra<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

With the present scenario of pollution and global warming all around the globe, it’s clear that the approach towards saving the environment needs to be changed and this has to be done soon!!! One major change that is surely about to take place, and that too for good is the rise of electric vehicle (EV)…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10,26],"tags":[123,121,122],"class_list":["post-450","post","type-post","status-publish","format-standard","hentry","category-tech","category-vidyut","tag-china","tag-electric-cars","tag-vehicle-industry"],"_links":{"self":[{"href":"https:\/\/nitk.acm.org\/blog\/wp-json\/wp\/v2\/posts\/450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nitk.acm.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nitk.acm.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nitk.acm.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nitk.acm.org\/blog\/wp-json\/wp\/v2\/comments?post=450"}],"version-history":[{"count":2,"href":"https:\/\/nitk.acm.org\/blog\/wp-json\/wp\/v2\/posts\/450\/revisions"}],"predecessor-version":[{"id":456,"href":"https:\/\/nitk.acm.org\/blog\/wp-json\/wp\/v2\/posts\/450\/revisions\/456"}],"wp:attachment":[{"href":"https:\/\/nitk.acm.org\/blog\/wp-json\/wp\/v2\/media?parent=450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nitk.acm.org\/blog\/wp-json\/wp\/v2\/categories?post=450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nitk.acm.org\/blog\/wp-json\/wp\/v2\/tags?post=450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}