To support the development of new energy vehicle, Shenzhen government has released several policies and targets, such as the investment of 5 billion Yuan, the production and sales volume of 30,000, industry value of 60 billion Yuan and tax revenue of 10 billion.
In accordance with new policies, Shenzhen government will promote innovation ability of new energy vehicle industry and support colleges, research institutions and enterprises to found the system to master core technology, trying to reach the target of 150 watt hours per kilo, cost of less than 2.5 watt hours per kilo, life of 2000 times or over 10 years and power density of over 2.5 kilowatt per kilo. And public service platforms will be established with the support of colleges and research institutions.
Shenzhen government will also support local new energy vehicle enterprises and encourage enterprises to invest more on technology. BYD, WZL and other new energy vehicle enterprises will be supported to be the leaders to drive related companies to develop.
Lacking charging facilities is always the important reason why the development of new energy vehicle industry is slow. There have been 81 fast charging stations (74 for bus and 7 for society) and almost 3000 slow charging stations. Shenzhen government will give companies which operate charging stations 30% financial subsidy. And there will have been 1800 new fast charging stations by the end of this year. To promote new energy vehicle, Shenzhen government will give more subsidies for purchasing and using such as 1:1 local allowance with no decreasing and subsidy of 20,000 Yuan for incidentals of electric cars. Another promoting subsidy of 55,800 will be given to electric taxi drivers besides normal subsidies.
