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New Energy Vehicles vs. Internal Combustion
Article

New Energy Vehicles vs. Internal Combustion

Coexistence or Survival of the Fittest?

Iyiou, 2018

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Editorial Rating

8

Qualities

  • Eye Opening
  • Overview
  • Visionary

Recommendation

If you’re visiting or reading up on major auto expos, you may notice a growing number of electric and hybrid vehicle prototypes from unknown Chinese start-ups. The need to reduce pollution and emissions is giving rise to a new generation of cars – dubbed “new energy vehicles” (NEVs) – across China, home to the world’s largest car market. The Chinese government is subsidizing the NEV sector and has announced that it will ban the sale of internal-combustion vehicles in the future – sending legacy car makers scrambling to future-proof their businesses. Liu Shanshan is a columnist at Iyiou, a news site known for its tech and business analysis. Here she shares insights into the latest developments in the automotive scene in China and her predictions for the future. getAbstract recommends this quick read to gearheads, tech junkies and investors interested in automotive.

Take-Aways

  • Chinese electric-vehicle start-ups are churning out prototypes and taking them to production at breakneck speed.
  • You likely won’t find conventional gas-powered cars for sale by 2025.
  • “New energy vehicles” (NEVs) are the future for car companies.

About the Author

Liu Shanshan is a staff columnist at Iyiou, a news site known for its tech and business analysis, covering topics on finance and tech.