promoting the application of e-buses, by supporting technology innovation, improving fiscal
and taxation policies, enhancing infrastructure construction, as well as reinforcing fund supervision.
“It is estimated that in the future, China’s e-bus market will transform to a more market-driven pattern, instead of policy-driv
en. The market will shift from an incremental market to a stock market, maintaining steady growth,” he said.
Bloomberg New Energy Finance estimates that EVs will attain price parity by the mid 2020s, as lithium battery pric
es have been falling. From 2010 to 2018, lithium battery prices dropped by over 85 percent, with an annual average decl
ine rate of 20 percent. And the decline, with the same rate, is estimated to continue for the next few years.
on hotels reached 234 yuan per night, jumping 17.5 percent over the p
revious year, and the growth rate was higher than the older generation. Besides, the report found
that students are likely to spend twice the amount of money on hotels two years after graduation.
Qunar has cooperated with more than 6,000 hotels, hostels and b
ed-and-breakfast services and launched discounted hotel prices for students.
Sales of new energy vehicles are expected to see renewed momentum in China, with passenger electric vehicles accounting for 57 pe
rcent of NEV sales by 2040 and electric buses for 81 percent of sales of city buses, a new report said.
The report, issued by Bloomberg New Energy Finance, said that due to governm
ent support and surging demand, by 2025, China will account for 48 percent of the global EV market with s