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China EV charging infrastructure construction to grow 100-200 percent

The growth of China’s charging infrastructure constructions would reach 100-200 percent with the market size of $22.9 billion due to explosive expansion of alternative energy vehicle market, according to a CCM report published on www.cnchemicals.com.

Alternative energy vehicle sales were 35,700 units in the first two months of 2016, up 170 percent year-on-year, according to China Association of Automobile Manufacturers (CAAM). It is expected that 600,000-700,000 alternative energy vehicles would be sold in 2016.

However, as for the construction of charging infrastructures, only 31,000 charging piles and 780 charging stations were built in China till the end of 2014. That is to say, four alternative energy vehicles have to share one charging pile, which lags behind the requirement of one charging pile for one alternative energy vehicle by the Chinese government.

“With the enlarging gap, the government had already noticed that the constructions of charging infrastructures should speed up to catch up with the development of alternative energy vehicles,” said Stanley Wang, chief editor of China Li-ion Battery News.

In November 2015, two guiding documents for charging infrastructures were released by Nation Energy Administration – Construction Plan of Charging Infrastructures for Alternative Energy Vehicles and Guiding Opinions of Charging Infrastructures.

Later in December 28, 2015, the national standard for constructing charging infrastructures was finally launched. All of these policies aimed to increase the numbers of charging piles and stations to narrow the gap.

As of 2020, over 12,000 centralized charging stations and 4.8 million charging piles are planned to be built to meet the need of 5 million alternative energy vehicles, according to the policies.

“The last two months of 2015 was policy-beneficial for the charging piles. I believe that it will be a great time for the development of charging infrastructures in 2016,” said Stanley.

The Chinese government would keep investing on and offer award subsidies to the construction and operation of charging infrastructures, and would also require all the local governments to publish documents on the planning and subsidy plans for the charging infrastructure constructions.

“Thanks to 4.8 million charging piles and 12,000 charging stations to be built in 2016-2020 (13th Five-Year Plan), the beginning of 2016 is doomed to be the peak of charging infrastructure constructions, with the growth of 100-200 percent and the market size around $22.9 billion,” Stanley added.

CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & ingredients and life science markets. Founded in 2001, CCM offers a range of data and content solutions, from price and trade data to industry newsletters and customized market research reports.

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