China Is a Model Country for E-mobility

29. June 2022 | Market, Economy

Roland Berger study sees continued dynamic development of the industry.

China is the “champion” of electromobility, according to a recent study (PDF) by management consultants Roland Berger. The zero-emission vehicle industry is also doing comparatively well in the United States, Germany, the Netherlands and the United Kingdom, it says.

Roland Berger has recorded a significant increase in sales of e-cars. In China alone, 2.1 million vehicles were sold in the second half of 2021, almost five times as many as in the US and significantly more than in Germany (364,000), he said. In addition to growing acceptance, the study cites government subsidy programs, such as those in Germany and China, as one reason for the rising share of electric cars. The People’s Republic is also the global leader in terms of charging infrastructure.

The study authors assume that the dynamic development of the industry will continue in the coming years.

However, automotive manufacturers will have to overcome a number of challenges in the process, such as the supply of critical raw materials. In addition to e-mobility, the expansion of wind energy, for example, is driving demand for permanent magnets made of rare earths. While they convert energy into motion in traction motors, they generate sustainable electricity in wind generators.

Already, due to increasing demand and other factors, the price of wind turbines has risen by almost ten percent, as recently reported by the International Energy Agency (we reported).

Photo: iStock/ Дмитрий Ларичев

California MP_Materials