China plans to build enough charging stations for 20 million electric vehicles by 2025, according to a new document by the National Development and Reform Commission and nine other ministries. The government will offer direct financial subsidies and encourage favorable banking policies for companies to build charging facilities.
The plan calls for China’s EV charging capacity to be built “moderately ahead of the curve” to accommodate the potential growth of EV ownership in China. Specifically, it demands all newly built residential complexes to offer charging stations and all existing complexes to convert their parking spaces if possible. It also asks 60% of highway service stations nationwide to be equipped with fast charging stations and 80% in regions with high air pollution.
In 2021, about 3 million "new energy vehicles" were sold in China, accounting for 14.8% of global EV shipments.