Abstract
Green technology has increasingly penetrated our daily lives over the past decade. Electric vehicles (EVs) have been widely accepted by both corporate users and individual customers. Recently, the Chinese government has been firmly driving forward its macro-economic policy, “Made in China 2025,” in manufacturing and industry. At the same time, Chinese citizens are demanding a cleaner, healthier natural environment for their urban lives. Promotion of EV has turned out to be one attractive solution for a large number of stakeholders from various sectors. This chapter begins with a review of cutting-edge EV technology development internationally. It covers smart control and driving technology, new batteries, and energy storage devices. It is followed by a comparative analysis of a range of policy incentives currently effective in the Greater Bay Area (GBA) of China. These policies from different authorities and departments need subtle cooperation in order to be fully executed. This chapter discusses multiple incentives from three aspects: technology, economics, and policy direction. The author believes that both EV manufactory and consumption in the GBA will experience steady growth in the coming years. We conclude that an upward trend of EV penetration in the GBA will positively contribute toward energy sustainability as well as the green finance of projects in the future.
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Wu, Y.A., Guo, S.N. (2020). Penetration of Electric Vehicles into the Greater Bay Area. In: Fu, J., Ng, A. (eds) Sustainable Energy and Green Finance for a Low-carbon Economy. Springer, Cham. https://doi.org/10.1007/978-3-030-35411-4_6
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DOI: https://doi.org/10.1007/978-3-030-35411-4_6
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