Penetration of electric vehicles into the greater bay area

Yang Andrew Wu; Songdan Nancy Guo

doi:10.1007/978-3-030-35411-4_6

Penetration of electric vehicles into the greater bay area

Yang Andrew Wu, Songdan Nancy Guo

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

2 Citations (Scopus)

Abstract

Green technology has increasingly penetrated our daily lives over the past decade. Electric vehicles (EVs) have been widely accepted by both corporate users and individual customers. Recently, the Chinese government has been firmly driving forward its macro-economic policy, “Made in China 2025,” in manufacturing and industry. At the same time, Chinese citizens are demanding a cleaner, healthier natural environment for their urban lives. Promotion of EVhas turned out to be one attractive solution for a large number of stakeholders from various sectors. This chapter begins with a review of cutting-edge EV technology development internationally. It covers smart control and driving technology, new batteries, and energy storage devices. It is followed by a comparative analysis of a range of policy incentives currently effective in the Greater Bay Area (GBA) of China. These policies from different authorities and departments need subtle cooperation in order to be fully executed. This chapter discusses multiple incentives from three aspects: technology, economics, and policy direction. The author believes that bothEVmanufactory and consumption in theGBA will experience steady growth in the coming years.We conclude that an upward trend of EV penetration in the GBA will positively contribute toward energy sustainability as well as the green finance of projects in the future.

Original language	English
Title of host publication	Sustainable Energy and Green Finance for a Low-carbon Economy
Subtitle of host publication	Perspectives from the Greater Bay Area of China
Publisher	Springer International Publishing
Pages	111-128
Number of pages	18
ISBN (Electronic)	9783030354114
ISBN (Print)	9783030354107
DOIs	https://doi.org/10.1007/978-3-030-35411-4_6
Publication status	Published - 1 Jan 2020

Keywords

Electric vehicle
Energy policy
Green finance
Sustainable development
The greater bay area

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10.1007/978-3-030-35411-4_6

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abstract = "Green technology has increasingly penetrated our daily lives over the past decade. Electric vehicles (EVs) have been widely accepted by both corporate users and individual customers. Recently, the Chinese government has been firmly driving forward its macro-economic policy, “Made in China 2025,” in manufacturing and industry. At the same time, Chinese citizens are demanding a cleaner, healthier natural environment for their urban lives. Promotion of EVhas turned out to be one attractive solution for a large number of stakeholders from various sectors. This chapter begins with a review of cutting-edge EV technology development internationally. It covers smart control and driving technology, new batteries, and energy storage devices. It is followed by a comparative analysis of a range of policy incentives currently effective in the Greater Bay Area (GBA) of China. These policies from different authorities and departments need subtle cooperation in order to be fully executed. This chapter discusses multiple incentives from three aspects: technology, economics, and policy direction. The author believes that bothEVmanufactory and consumption in theGBA will experience steady growth in the coming years.We conclude that an upward trend of EV penetration in the GBA will positively contribute toward energy sustainability as well as the green finance of projects in the future.",

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Penetration of electric vehicles into the greater bay area

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Keywords

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