The latest data from the State Council of the People’s Republic of China shows that the country is on an expansion spree as it adds a large number of charging ports for Electric Vehicles (EVs).
When it comes to Electric Vehicles, China is the global leader, with experts believing it to become even more dominant in the coming years. China has shown a staggering 113% increase in its EV sale in just the first half of 2022. Compared to this, North America has reported a 49% increase and the EU showed a paltry 9% increase in EV sales.
China’s BYD leads the Global EV sales followed by Tesla and Volkswagen. This unprecedented increase in the sales of EVs has led to the rapid expansion of EV charging points across the country. Also, since economic stability is a top priority for the nation, massive investments are being made in infrastructure, which has also led to accelerated growth in the number of charging stations.
In 2022 alone, China added 2.59 million new points which take the total number of charging points in the country to a whopping 5.21 million. It also built 1973 battery swapping stations and has more than 10000 power battery recycling service outlets. As compared to China, Europe, the second largest EV market, has only 400,000 public charging stations.
China is aiming to create a rapidly advancing New Energy Vehicle (NEV) Sector, and the increasing number of charging ports is in line with this goal. In 2022, NEVs hold a 25.6% share of the Chinese automobile market and by 2025 we can expect an astronomical increase in this number.
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(Source)
