One of the few detailed stimulus plans Beijing has announced this year extends tax breaks for electric car purchases, according to documents released Wednesday.
During a press briefing Wednesday, Chinese officials noted the charging problems and called for faster installation of charging infrastructure in residential parking spaces – especially in new developments. That's according to an official transcript of their remarks.
The officials pointed out the country has rapidly expanded its charging infrastructure over the last seven years, and that in central urban areas, charging stations offer the same coverage as gas stations.More than 70% of total public fast chargers are located in just 10 provinces, the International Energy Agency said in itsFast charging allows drivers to charge car batteries in less than an hour, but it still takes far longer than filling up a gas tank.
China still leads globally in the installation of public fast charging stations – almost 90% of the global growth in such chargers last year, the IEA said. "Growth in EV sales can only be sustained if charging demand is met by accessible and affordable infrastructure, either through private charging in homes or at work, or publicly accessible charging stations," the IEA report said.Spurring demand for electric cars also faces challenges from tepid consumer spending.Auto sales, one of the largest components of retail sales by value, maintained steady year-on-year growth – but fell by 8% from the prior month.
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