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Lu Qun: EV sales to reach 3.5-5 million in 2020

Lu Qun, chairman of Beijing CH-Auto Technology Corp., predicted that China’s EV sales will explode in the next five years, reaching output and sales of 3.5 to 5 million units in 2020.

According to Lu, environmental protection requirement, high crude oil dependency, government support, and the new business model formed by the post-90’s/00’s generation and internet+ are the four major triggers.

Lu also believes that range anxiety of EVs is a pseudo-proposition. “Extended range is to fulfill the needs of commuting, and there is no need for it to be as long as possible,” said Lu. “EVs can co-exist with traditional gasoline cars for a long term in the future, rather than simply replacing them.”

Battery has brought about an all-new cost structure to EVs because they are taking up one-third or even half of the total cost of a vehicle. Designers and developers need to reconsider the whole model to prevent to be exploited by battery manufacturers, said Lu.

Lu also recommended a concept change of EV charging. EVs can be charged at anytime and anywhere, and there is no need to fully charge the vehicle at one time. Wireless EV charging will also gain popularity as a new charging model, according to Lu.

 

 

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