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China to build chargers to power 5 million electric cars by 2020

Staff writer ▼ | October 9, 2015
China said it will build enough charging stations nationwide to satisfy power demand from 5 million electric vehicles by 2020.
China electric cars
Ecology   To refuel the new energy vehicle sector in China
To accelerate construction, the government will encourage the use of private capital, allow charger makers to issue corporate bonds, and seek investment from pension funds, according to a guideline released Friday by the State Council, China's cabinet.

The move is the latest effort by the government to refuel the new energy vehicle sector, which has seen explosive growth in the past two years due to subsidies and tax cuts.