BEIJING, Dec. 7 (Xinhua) -- China’s charging facilities construction is awaiting the issuance of a bunch of favorable policies. As a key area to be supported by industrial policies, charging facilities is expected to enjoy greater and more refined support, such as central financial subsidy and favorable taxation policies, according to a report on www.cnstock.com on December 6.
It is estimated that charging facilities construction in China would require a total investment of 160-180 billion yuan from 2016-2020. Insiders believe that investment opportunities would reside in integrated construction of charging facilities, public transport system and power distribution network.
Hiking production and sales of new energy vehicles in China has posted the shortage of charging facilities more acute than ever. According to statistics from China Association of Automobile Manufacturers, China's new energy vehicle output hit 340,000 units in 2015 with sales of 330,000 units, while there were only 3,500 charging stations with 44,000 charging poles in the country.
Currently, 18 provinces and 45 cities in China has worked out regulations and management rules for charging facilities, and 20 provinces and cities formulated subsidy standards.
LiLili, head of the Electric Power Development Planning Institute under the StateGrid Energy Research Institute, believes that smart transport industry is a blue chip for future investment. He forecasts that China would construct 20,000-23,000 charging stations and 5-5.5 million charging poles during 2016 and 2020, and the public charging network would cover major cities and regions in the country. (Edited by Li Xiaohui, lixh@xinhua.org)
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