China is adding 9,500 electric buses - the equivalent of a...

China is adding 9,500 electric buses - the equivalent of a London fleet - to its roads every five weeks according to a report from Bloomberg New Energy Finance.
It makes China far and away the leader in electronic public transit - with 99 percent of the world's 385,000 electric buses operating in the country. The buses are helping clean up the air quality of dense urban populations, as well as reducing the country's reliance on oil.
As the World Economic Forum notes, many of China's cities are new - meaning that sustainable infrastructure can be built into city planning from the start. But even long-established urban centres like Shanghai have put a stop to buying fossil fuel buses and are only buying electric vehicles now.
The country also hopes to become the top exporter of the electric vehicles, and is currently leading the way globally in terms of volume manufactured.
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PLS is likely to greatly benefit from China's commitment to Electric Vehicles.