JUN/OCT 2019 & JAN 2020| China
World Bank Transport team in China has successfully delivered a series of E-Mobility Salons in collaboration with the Innovation Center for Energy and Transportation (iCET) since 2019, on China’s e-mobility development experience and future trends. The series of seminars covered key topics of electrification, intelligence, and net-connection, etc. The events were attended by representatives from a broad array of partner agencies including the MOT and affiliates, World Resources Institute, World Economic Forum, Energy Foundation, Tsinghua University, EV100, and other consulting firms and think tanks.
Binyam Reja, Transport Practice Manager for Central Asia, China, and Mongolia of World Bank delivered keynote speeches on China’s remarkable evolution in electrification of transportation. As of 2018, China has achieved its goal of selling 2 million new energy vehicles by 2020. In addition, more than 30 cities in China have announced plans to fully electrify taxis and buses by 2022. China is now the world’s largest automotive market and the largest crude oil importer. Over 70% of its crude oil comes from imports. The road transport sector accounts for 48% of China’s total oil consumption and 80% of its total refined oil consumption. Experts and specialists agree that China’s efforts to get rid of internal combustion engine vehicles (ICEV) will have a positive impact on the global automotive and oil markets, and China’s electrification experience can provide valuable lessons for other countries in this area.
Dr. An Feng, iCET Executive Director, Mr. Liu Daizong, Director of the China Sustainable Project of WRI, and World Bank Transport Specialists including Yang Chen, Weimin Zhou and Annika Berlin introduced and shared their research findings. Dr. An Feng introduced the study of the timetable to Ban ICEVs, and an iCET research which concludes that by 2050, the fuel consumption of vehicles in China is expected to decrease by 80% from the peak in 2025. By then, traditional fuel vehicles will basically withdraw from the historical stage and be replaced by new energy vehicles. Participants from other firms to the series brought in diverse information and insights on i.e. lessons learned from electrification, policy evaluation before implementation, and the cost-benefit analysis after policy implementation and the prospects for the future development of electrified transportation.
ICET is a key partner and co-author of an ongoing World Bank transport team study on China’s e-mobility experience, part of which a case study on Shenzhen’s experience is being finalized soon. The study also benefits from the discussions of the e-mobility community, convened by in this series of salon.