Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search
28 October 2010
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Electric transport dreams

China is engaged in a push to promote electric vehicles, which could promote the wider global adoption of the technology

But even if drivers can be weaned off gasoline, it will be years before China's electric cars can be said to be truly environmentally friendly, writes Ian Lewis. The country is already the world's largest vehicle market in absolute terms, but the room for expansion remains vast. Estimates vary, but vehicle ownership probably stands at no more than 60 per 1,000 people – about half the global average and just a fraction of the 850 per 1,000 of the US. With the country anxious to staunch spiralling oil imports, the potential for rapid expansion of the electric-vehicle sector is attracting government support. China plans to spend nearly $15bn on support for the uptake of environmentally friendly

Also in this section
Letter on carbon: Can CCUS capture enough private capital?
1 April 2026
Emerging industry must work with policymakers to convince a broader pool of investors to buy into its long-term potential
Energy cost surge fires up debate over EU ETS
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
Letter on carbon: Capturing Europe’s elusive CCS potential
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
Outlook 2026: The case for carbon stewardship
Outlook 2026
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search