Experts say Financial Subsidiaries for Alternative Energy Vehicles will be cancelled after 2020

Wu Zhixin, Vice Director of China Automotive Technology & Research Center (CATARC) said on the 11th Advanced Manufacturing Technological Achievements Meeting held in Changzhou, China, that, “Resulted by the withdrawal mechanism of financial subsidiaries, alternative energy vehicles cannot get direct financial subsidiaries after 2020, but may obtain some non-financial subsidiaries, including the transaction of carbon dioxide, some special rights of way and preferential policies on parking and car-using.” He also points out that, some macroeconomic policies, including Made in China 2025 released by the State Council, and Guidance on Application Directory for Alternative Energy Vehicles by General Office of the State Council, play an important role in promoting the developments of alternative energy vehicles.

The Guidance clearly puts forward to build charging infrastructure enough for 5m units’ alternative energy vehicles by 2020 and construct charging posts of certain proportion in neighborhoods.

“In the future, the construction of infrastructure will be improved and moving towards intelligentization. The alternative energy vehicle industry is developing fast in Changzhou City during the past years, with Changzhou Model Charging Infrastructure drawing nationwide attention. The entering of BAIC BJEV and other auto companies has attracted some key parts companies. The future is worth expecting.”