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Tesla China: Top gov’t meeting confirms NEV purchase tax exemption extension

Teslarati

Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. Reports of the meeting were shared by Chinese state-owned broadcaster China Central Television ( CCTV). The update was related during a top government meeting.

Purchase 119
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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

These little vehicles typically lack the aesthetic appeal of a Tesla, but they protect drivers from the elements better than a motorcycle, are faster than a bicycle or e-bike, are easy to park and charge, and, perhaps most endearing to emerging consumers, can be purchased for as little as $3,000 (and in some cases, less).

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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

The slip in the July-September quarter leaves clean energy investment for the year so far running a modest 2% below that in the first nine months of 2017—leaving open the possibility that 2018 as a whole will end up matching last year’s total, particularly if a few more multibillion-dollar offshore wind deals are concluded before Christmas.

Clean 259
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Roskill: refined lithium supply expected to treble to 900kt by 2027, driven by use in batteries

Green Car Congress

Growth in the consumption of lithium accelerated in 2017 by more than 10% on 2016 levels to reach 211,000t lithium carbonate equivalent (LCE), according to a new report by Roskill. Automotive applications were the largest market for Li-ion batteries in 2017, with Chinese sales of plug-in electric vehicles (PEV) increasing by around 20% y-o-y.

Supplies 218
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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

Green Car Congress

PEV Sales in China by segment: 2012-2017. Pike projects the PEV market in China will grow at a compound annual growth rate (CAGR) of 60% from 2012 to 2017, surpassing 152,000 units sold annually by 2017. conventionally fueled car—remain out of reach for low-income, cost-conscious Chinese consumers. Click to enlarge.

Plug-in 239
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China Ministry of Transport targeting 300,000 new energy vehicles on roads by 2020

Green Car Congress

Xinhua reports that the Chinese Ministry of Transport (MOT) is targeting 300,000 new energy vehicles on China’s roads by 2020: 200,000 new energy buses and 100,000 new energy taxis and city logistics delivery vehicles.

2020 150
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Report: Toyota to begin mass production in China in 2019 of EVs based on C-HR

Green Car Congress

The report says that the C-HR-based EV will be limited to the Chinese market, and that Toyota aims to introduce another mass-produced EV in 2020. In Japan, the C-HR was the top-selling new SUV during the first half of 2017, with sales topping 79,303 units. China is planning to bring new energy vehicle sales—i.e.,

2019 170