State Grid Corp. of China, the mainland’s main power grid operator, aims to attract private capital to build charging stations for electric vehicles, Xinhua reported Tuesday.
Individual investors will be encouraged install their own charging posts in car parks and power up vehicles for as little as 0.5 yuan a kilowatt-hour, assuming the car park’s property management body agrees, the report said.
Residents can also set up solar panels on their rooftops and sell the electricity to the grid operator.
It’s all part of the central government’s drive to improve air quality, a push that also includes having 5 million electric cars on the road by 2020.
But that target will take some doing. In the first quarter, fewer than 7,000 green cars were sold in China, in part due to a lack of charging facilities. Without enough charging stations, it’s hard for motorists to fully embrace electric vehicles.
The State Grid had installed 19,000 e-vehicle charging posts and 400 charging stations by the end of last year.
Media reports say US-based Tesla is in talks with State Grid subsidiary NARI Technology Development to create a charging network across China for Tesla’s electric sports cars.
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