China to Become World’s Largest EV Market Says BMW

China to Become World’s Largest EV Market Says BMW

BMW believes that China is the place to be in the future with electric vehicles.

It predicts the country will become the world’s largest market for electric vehicles thanks to more charging stations being built and an initiative by the Chinese government to reduce chronic pollution by promoting cleaner light vehicles. Recently, BMW reached an agreement with Shanghai’s municipal power company to build public charging points at the former World Expo site.

“We expect that the Chinese car market for electromobility will become the largest markets for those cars in a few years,” BMW’s head of China operations Karsten Engel told Bloomberg. “Because you have supply now, there are cars coming on the market. We are coming with ours, others are coming as well.”

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The public charging points being built will be compatible with a plethora of electric vehicles including models from BYD and SAIC Motor Corp., but not Tesla. The American electric automaker has plans to install its own Supercharger network in China.

As for BMW’s plans, the company expects to begin selling its i3 in China this September at seven dealerships. Due to a lack of supply however, BMW expects to sell less than 1,000 i3s this year in China. The automaker however, will be satisfied if it sells over 400,000 in the country this year. The central government of China is targeting 500,000 EVs on its roadways by 2015.

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[Source: Automotive News]

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