Light Weight Vehicles
The growing population, limited oil supply, and governor’s inclining attitude toward large investment projects have led many auto makers to believe the Chinese market has much great potential to cultivate. According to central authority close to the matter, the Chinese government hopes to see 0.5 million electric vehicles on the road by 2015 and 5 million by 2020.
Recent news unveiled that Mitsubishi Motors is looking to produce 8 types of electric vehicles and plug-in hybrid vehicles. Mitsubishi’s Corporate General Manager, Yoshikazu Nakamura, indicated that in order to secure stable and sufficient supply of power batteries, the company is now aggressively seeking new global suppliers of lithium batteries.
Nakamura indicated that the company is scheduled to introduce i-series electric vehicles in the U.S. market in November and is taking Toshiba as well as some Korean lithium manufacturers into consideration.
With orders for EVs increasing thanks to a steady rise in gas prices, other businesses are flocking to cash in on the emerging EV charging station niche.
In the United States alone, 14,000 government-funded EV charging stations being installed in 18 major cities in Tennessee, California, Oregon, Washington state, Arizona, Texas, and Washington, D.C. There are also numerous private efforts to meet the infrastructure demand being announced almost daily in the U.S. and around the world.
2011 is the commencing year for the next five-year plan for the Chinese government which put a great emphasis on 7 emerging industries that can help achieve energy-saving and carbon-reducing targets.
According to Bloomberg’s report, Toyota, Daimler, and BMW are now seeking the possibility of adopting the cheaper and lighter batteries used in NBs. The cost of these lithium batteries are cheaper than that of batteries adopted by GM, Nissan, and Mitsubishi.
By Lowy Chang
As the name suggests, electric cars do not require gas but electricity, which is cheaper, and therefore, they are immune to the surge in gas prices. However, electric cars require completely different power systems, which result in an extra expense on machinery and battery, not to mention their high cost will raise the prices of electric cars. In order to meet the needs regarding speed and endurance and to expand battery capacity, the weight and cost of electric cars will have to be increased.
Technology bottlenecks have put a hold on the development of electric vehicles:
As EV makers gradually increased investment in R&D in recent years and some technology bottle necks have been overcome. Yet, there is still a number of impracticalities that industry experts believe are holding back the future development of EVs.
Due to the increasing focus on environmental issues and renewable energy, the Legislative Yuan has passed “Energy Tax Regulations,” “Greenhouse Gas Reduction Act” and “Renewable Energy Development Law,” aiming to enhance environmental awareness in Taiwan.