Over the past few months I’ve showed that several of China’s environmental achievements have been little more than smoke and mirrors. So I’m very pleased to announce that Beijing is finally getting it right by creating the right incentives along with policies that are easy to enforce and hard to cheat. Their goal is 100,000 electric cars in the next 5 years, and that makes it our news story of the week.
Electric cars will not be subject to any of the traffic limits Beijing has been putting in place, which means for hundreds of thousands of consumers, these cars will be their only option. This in turn will start to create a critical mass of consumers demanding electric cars which will push development of these technologies.
On top of this already brilliant plan, Beijing has announced the construction of 30 charging stations for electric vehicles. I often scoff when the government makes these pronouncements, but one thing we’ve all seen over this last decade is that China loves building infrastructure, and rarely fails in these kinds of endeavors.
This may be the start of something really big…