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Range anxiety powers China to invest in electric car-charging points

Dec 04 , 2017

China’s government is seeking to combat range anxiety for electric vehicle buyers with a pledge to build a charging station for every vehicle on the road by 2020.

China plans a total of 4.8m charging outlets and stations by 2020, a mammoth investment effort that was reiterated by the state council, China’s cabinet of ministers, last month.

Getting to 4.8m will require a total investment of Rmb124bn ($19bn) according to analysts at Ping An Securities — and most, if not all, will be state money­. That is roughly the GDP of Cyprus.


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