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The Climate Group and the Prince Albert II of Monaco Foundation host EV20 electric vehicle (EV) leadership summit at Shanghai’s World EXPO 2010

Date
09 May 2010
The Climate Group and the Prince Albert II of Monaco Foundation host EV20 electric vehicle (EV) leadership summit at Shanghai’s World EXPO 2010

The Climate Group convened an electric vehicle (EV) leadership summit on May 3rd at the Monaco Pavilion at the Shanghai World Expo 2010. The summit was followed by a closed-door EV20 roundtable at the World Expo Centre, hosted by Changhua Wu, Greater China Director of The Climate Group, and HE Bernard Fautrier, Vice President and CEO of The Prince Albert II of Monaco Foundation. In attendance at the roundtable discussions were leading international EV market participants – entrepreneurs, financiers, corporate executives, advisors, policy-makers and academics.

The Climate Group’s EV20 working group meeting in Shanghai is the latest in a series of meetings to build an international ‘coalition of the willing’ to rapidly advance the commercial deployment of EVs around the world. There will be further meetings during Climate Week NYC and COP16 in Cancun, later this year.

In his video address, HSH Prince Albert II of Monaco, Chairman of the EV20 working group, said: “EVs can drastically improve urban air quality and reduce the impact of transportation in the field of greenhouse gas emissions, and consequently, on our climate and our energy resource. In the future, I am sure that the energy storage potential that fleets of EVs offer will help better integration of renewable power into our grid systems – the car of the future will be powered, I hope, by electricity coming from wind, sun or water.”

The Summit opened with an EV Leadership Panel discussion with Dr Zhen Zijian, Vice Director, National 863 Program - Office of Energy Conservation and New Energy Vehicle Project, Ministry of Science and Technology (MoST), China; Professor CC Chan, Fellow of Royal Academy of Engineering and Academician of Chinese Academy of Engineering; Ren Yong, Deputy General Manager, Chang’an New Energy Automobile;; and Raymond Tsang, Partner and Vice President, Bain & Company.

The panelists discussed the challenges for EV adoption in China, Chinese government’s strategy to demonstrate and promote R&D of EVs, public-private partnership and the role of players along the value chain.

During the EV leadership summit, Changhua Wu released a new report by The Climate Group “Towards Market Transformation: Electric Vehicles (China), co-authored by Bain & Company. The report says that China’s policy-makers have put EV low carbon technology at the heart of their economic growth plan for the next 10 years, underpinning not only the nation’s economic developmental goals, but social, environmental and energy security objectives too.

In her speech to launch the report, Wu said: "Climate change presents challenges and opportunities for every nation. As the world's largest auto market, China is in pole position to help lead this global clean industrial revolution, and growth of this strategic domestic EV market could be exponential."

Raymond Tsang, Partner and Vice President of Bain & Company, commented: “The development of the EV will help China achieve its goal of energy savings and emission reductions, while contributing to global efforts in environmental protection. Fast-growing domestic auto demands and supportive government policies present a huge opportunity for the EV market.”

During the closed-door roundtable, the participants entered into a more in-depth discussion on technology challenges and R&D strategies and policy incentives at both national and local levels. The delegates also discussed public-private partnership in large cities such as Beijing, Shanghai, Chongqing and Hong Kong, innovative business models and alliances across sectors to accelerate EV deployment and how they will engage in The Climate Group’s EV20 initiative.

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