New Paradigm Needed to Spur Vehicle Electrification
Vehicle electrification has been on the agenda of almost every automaker, battery and drive motor producer, power grid and national government over the past year since China hosted the 25th World Electric Vehicle Symposium last November.
Pioneering carmakers such as BYD, GM and Nissan have launched consumer-ready plug-in and pure electric vehicles. Others have been following suit in China and around the world.
Although these vehicles have been sold in limited numbers or operating in pilot programs due to inadequacies in battery power and management, charging infrastructure, technical standards and cost effectiveness, there seems to be no dispute among stakeholders that vehicle electrification promises to be the future mode of individual mobility. “The bandwagon of electrification has left the station,” describes Professor C.C. Chan, founder and president of World Electric Vehicle Association, “and nobody wants to be left behind.”
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