220,000 electric vehicle charge points for China

2,351 battery swap stations also planned

China plans to have 220,000 charge points and 2,351 battery swap stations.

These will support the 500,000 electric vehicles that are planned for China by December 2015.

China’s 12th Five Year Plan is summarized in a new Deutsche Bank (DB) report.

China is expanding electric transit and rail, with electric high-speed rail targeted to expand by 29,000 miles between now and 2015.

Over the next five years, China will reduce its percentage of transportation that requires foreign oil for gasoline and diesel. China will also reduce the percentage of electricity generated by coal. By 2015, China will add 70GW wind, 120GW hydro, 5GW solar and 40GW nuclear.

China plans to lead the world in using renewable energy. Huaneng, China, is proceeding with the construction of a 200MW high-temperature gas-cooled reactor according to the DB report. More cost-effective natural gas plants, however, may yet be substituted for half of the planned nuclear expansion.

China is likely to easily meet its 70GW wind 5-year target. China’s wind installations grew faster than grid connection, with 10 percent of new wind not being grid connected.

$76.7 billion will be invested in new ultra high-voltage grid transmission to support the added capacity of new power according to the 12th Plan.

These investments will directly benefit China and support Chinese ambitions for Chinese global leadership in technology of the future.

The 12th Plan identifies 7 Strategic Emerging Industries of Clean Energy Vehicles, Energy Conservation and Environmental Projection, New Energy, New Materials, Biotech, High-end manufacturing equipment and Next-gen IT.

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Green Economy