The Cultivation of Electric Vehicles Market in China: Dilemma and Solution

Abstract

Global warming has been increasingly concerning, and international society has been taking various measures to mitigate this issue. Since the electric vehicle has important and generally beneficial impacts on environment protection, grid construction, and operation economical efficiency improvement, many countries have stressed the status of electric vehicle promotion in future planning. As China is the world’s largest carbon dioxide emitter, the Chinese government has taken various acts to reduce emissions, of which promoting electric vehicle is an effective one. This paper attempts to present a critical review of the current EV situations including the market sales, charging infrastructure, battery performances and policies in China. The survey of customer preferences and acceptance to electric vehicle indicate that purchasing behaviors are affected by four factors: charge inconvenience, short battery range, cost and psychological factors. According to the China’s situation, recommendations including diversified energy supplement approaches, time-of-use charging price mechanism, vehicle-to-grid technology and enlarge price subsidy scope are proposed to accelerate the development of the electric vehicle industry.