Business
Electric Vehicles: China Set To Build 800,000 Charging Points
The National Energy Administration (NEA) has said that China plans to build 800,000 charging points, including 100,000 public ones, for electric vehicles in 2017 to meet increasing demand.
According to the NEA a total of 100,000 public charging points have been installed nationwide in 2016, bringing the total number of public charging points in China to 150,000.
It added that a total of 14,000 kilometers of highway has also been equipped with inter-city fast-charging stations, with an average spacing of 48.6 Kilometers.
NEA said electric vehicles consumed more than 1.2 billion kilowatt-hours of electricity in China last year, saving about 400,000 tonnes of fuel, a
In Beijing and Shanghai, a charging facility can now always be found within a radius of less than 5 Km, while other major cities such as Guangzhou and Shenzhen are working toward this goal.
“For the new year, China will work to solve the payment and information-related problems for charging facility operators and implement a unified national standard for charging ports of electric vehicles,’’ the NEA said.
According to China’s 13th Five-Year Plan (2016-2020), the country will build a nationwide charging-station network that will fulfill the power demands of five million electric vehicles by 2020.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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