China is looking at significantly more ambitious targets for electric vehicles. It wants 25 per cent of cars sold in the country to be electric by 2025, according to a draft policy published by the Ministry of Industry and Information Technology last week. The current share is just about 5 per cent, though China is the largest electric vehicle market in the world.
The three barriers to wider adoption of electric vehicles — price, range (on single charge) and charging infrastructure — are being gradually whittled down, as battery prices keep sliding lower. Battery prices are down to $156 per kilowatt
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