NEV charging demand to increase

Policy support, confidence in industry driving interest in facility construction and management

Before founding major Chinese new energy vehicle maker Nio Inc in 2014, Li Bin, founder and CEO of the company, organized a survey online in which the majority of respondents said short range and lack of charging facilities were the top barriers against an electric car purchase decision.

Five years later, while ranges of mainstream NEVs have been largely improved, difficulty recharging NEVs remains a concern for drivers with no private charging piles at their residence.