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.
