China is currently in a position to become a world leader in electric mobility thanks to proactive regulations and sustained government investment. Carmen Bakas, an international corporate lawyer who works at DaWo Law Firm, described China’s position on electric mobility in the latest edition of the magazine “L’observatoire” which focuses on electric mobility around the world.
In collaboration with Gaulle Fleurance & Associés law firm (in partnership with Avere-France, a French association representing electric mobility players) and five foreign law firms (AlMaghtawi & Partners, Hansu Law Firm, Khaitan & Co, Noerr and WKB Lawyers), “L’observatoire” gives a perspective on how different countries and governments deal with the implementation of EV’s. As early as 2009, China started promoting electric mobility by creating subsidies for electric mobility purchases in 25 pilot cities, paired with a policy restricting the purchase of gasoline vehicles.
During the press conference, DaWo’s Managing Director Philippe Snel gave further confirmation: “At the time, the goal was to reach a total production and sales capacity of over 5 million units by 2020. And the results were met: in late 2021, the number of electric vehicles in the country reached 6.4 million.”
In the meantime, China has ended their generous incentive policy for car manufacturers. Due to the fact it became too costly, the Chinese government now imposes an annual 10% electric vehicle sale quota on manufacturers and has shifted its financial assistance towards consumers (free license plates, tax returns, etc.).
Read the magazine and the press release here: