China Aims To Be No. 1 Globally In EVs, Autonomous Cars By 2030

China Aims To Be No. 1 Globally In EVs, Autonomous Cars By 2030

Move over Detroit, Tokyo, Seoul and Wolfsburg.

China aims to race ahead of everyone in electrics and autonomous vehicles, according to a massive new planning document that surfaced last week in Beijing.

Pure electric and plug-in hybrid electric vehicles (China calls them "new energy vehicles" or NEVs) are expected to account for 40 percent of 38 million sales in 2030, or about 15 million units.

Imagine: 15 million electric vehicles! America's entire vehicle market this year - with record low-interest rates and sky-high incentives - will reach just 17 million.

China has ambitious plans for autonomous vehicles, too. "Partially-autonomous" cars (think driver assist) are to account for 50 percent of sales by 2020. "Highly-automated" cars (not quite fully autonomous) will take 15 percent of sales in 2025. By 2030, fully autonomous vehicles are expected to feature in 10 percent of sales. That's 4 million completely robocars annually.

China also plans for breakthroughs, but not world leadership, in emissions. In 2020, the average fuel economy will be 5 liters per 100 kilometers. That ratio will go 4 liters per 100km in 2025 and 3.2 liters per 100km in 2030.

Read more : http://www.forbes.com/sites/michaeldunne/2016/12/14/chinas-automotive-2030-blueprint-no-1-globally-in-evs-autonomous-cars/#6f4725827cc8