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Why is China vigorously developing electric vehicles? The truth is here!

Today, let’s talk about China’s development of electric vehicles, which is backed by significant strategic considerations.

Back in the day, we heavily promoted real estate; whether you bought a house or not, the property prices were always following their own trajectory. Now, the promotion of new energy vehicles is not a simple business move but a real national strategy!

The development of electric vehicles is not really about saving money for us, but about saving oil!

China’s annual oil production is about 200 million tons, but the consumption is as high as 700 million tons, creating a gap of 500 million tons each year.

Now, let’s look at the automotive market—why are most cars gasoline-powered? Because diesel is a strategic resource, and if there were diesel cars everywhere, it would affect the national strategy. Even with the strong push for gasoline cars, Chinese household vehicles still consume 70% of the country’s oil every year.

To break free from long-term dependence on oil, the development of electric vehicles has become a necessary choice.

And don’t forget, the third largest company in the world’s Fortune 500 is State Grid of China. If household vehicles could use electricity from the State Grid, the oil dependency problem could be completely solved. State Grid’s ultra-high voltage technology and its dispatching capabilities that cover 9.6 million square kilometers across China provide a strong foundation for the development of electric vehicles.

However, if you haven’t bought an electric vehicle yet, I suggest you wait a little longer. Currently, many electric vehicle companies are just assembly factories—buying batteries, tires, and glass, doing some exterior design, and then a new car brand is born, followed by various marketing and promotions. Once the industry chain matures, you’ll avoid many pitfalls by waiting to make a purchase.

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