The financial and energy administrations of Chongqing, a major city in southwest China, have decided to offer financial subsidies to investors who build up public charging infrastructure for electric vehicles, Yicai.com reported.
Those who have set up charging piles that are open to the public and government institutions, and are supportive to taxis, buses, logistics cars and sanitation cars, can apply for the subsidy.
In the past two years, China has witnessed rapid development of electric car charging facilities.
For the first ten months of 2017, a total of 195,000 public charging piles were built nationwide, an increase of 82% from a year earlier. Meanwhile, there were 188,000 private charging piles, a total increase of 214% year-on-year.
According to the Guidelines for Development of Charging Infrastructure for Electric Vehicles (2015-2020), the country will add more than 120,000 centralized charging stations and more than 4.8 million charging piles by 2020.