State energy giants eager to tap electric charging market (China)

[jpak]

http://en.ce.cn/Insight/201008/13/t20100813_21719297.shtml

With electric vehicles coming into market in succession, the imminency of constructing electric vehicle charging station becomes more obvious. It can be predicted that new energy car market will be started gradually, and an increasingly number of new energy vehicles will be coming into market. That means that there is a wide market prospect in developing electric vehicle charging stations and they will be an important platform on which energy enterprises will conduct competition in the future. According to information obtained by the reporter, several energy leading enterprises including State Grid, China Southern Power Grid, China Petroleum & Chemical Corporation (Sinopec) and China National Offshore Oil Corp. have been putting themselves into the competition of charging station layout so as to seize the first market opportunity.

Construction pace of charging station obviously accelerates

The reporter learned that in accordance with the plan of State Grid there will be 75 public charging stations, 6,209 AC charging poles and some battery replacement stations being built in 27 cities in 2010. And by 2015, the scale of electric vehicle charging stations will reach up to 4,000 and 10,000 in 2020; the industrialized development of electric vehicle will be promoted rapidly. Meanwhile, according to the plan of China Southern Power Grid, there will be 250 charging stations and 12,500 charging poles being built in Shenzhen before 2015. As per the program of Shenzhen city government, by 2012, the number of new energy cars promoted and used in the city will be over 24,000 (including hybrid vehicles, pure electric vehicles and gas-fueled vehicles), and 100,000 by 2015, accounting for 6 percent of the existing vehicle holdings in Shenzhen.

Relevant experts expressed that if the whole 20 pilot cities build charging station in accordance with the standard of Shenzhen, the market capacity of the industry will be about RMB6.8 billion yuan in the future 5 years. The huge capacity of market will bring great opportunity to relevant manufacturers. Besides, compared with the fees of electricity and oil consumed after driving a same mileage by an electric vehicle and a traditional vehicle respectively, the cost of the former is only one third of that of the latter; if calculating in accordance with the business scale of petroleum products terminals, that is over RMB1 trillion yuan per year, the business scale of charging stations is expected to reach RMB100 billion yuan every year.

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[diane in sf]

1. Thanks jpak--I really appreciate your articles--some nuke birdbrain is unreccing

all of them--how Repuglican!

[bananas]

2. I've noticed that

A lot of times it stays at zero votes after I recommend it,
it just happened again with this thread: "Net recommendation: 0 votes (Your vote: +1)"