China Auto Ownership Expected to Exceed 200M in 2020

People’s Daily. Estimated automobile ownership in China will exceed 200 million by 2020, causing serious energy security and environmental issues, according to Wang Fuchang, director of the Department of Equipment Industry under China’s Ministry of Industry and Information Technology.

Wang said when delivering a speech at the 2010 International Forum on the Development of the Chinese Automotive Industry that fostering and developing alternative-energy automobiles will aid in the long-term development of the auto industry. Popularizing energy-efficient automobiles aims to reduce fuel consumption quickly and considerably.

Wang said that China’s auto industry should achieve the following objectives in 2020 after 10 years of efforts. First, the country should master the core technology for energy-efficient and new-energy cars, and the overall technologies for these cars should meet high international standards. Second, a fairly complete new-energy car industrial system should be developed, and some internationally competitive auto manufacturers and key parts suppliers should be established. Third, the sales of pure-electric vehicles and plug-in hybrid electric vehicles should increase by a large margin. Fourth, fuel economy should reach high international standards, he said.

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