China’s Participation is an Upturning for the Battery Electric Vehicles’ Development

Abstract

Development and use of battery electric vehicles and light trucks will yield remarkable benefits environmentally and economically to nations by reducing reliance on importing petroleum, urban air pollution, and greenhouse gas emissions. Battery electric vehicles industry could revolutionize energy and transportation markets, increase their worth by more than $1 trillion US dollars annually in the next 20-25 years. Battery electric vehicles strategy is vital to every long-sighted country in the long run, both in sustainable development and industrial restructuring. Meanwhile, given the superiority in advanced material science, Internet technology, and strong governmental executive ability, China’s participation is an upturning for the development of battery electric vehicles.