New Energy Vehicle Account For 20% of Total New Car Sales in China By 2025

Beijing (PingWest)- China’s State Council said the share of New Energy Vehicles, which includes electric, plug in hybrid and hydrogen fuel-cell vehicles, will account for 20% of total new car sales in China by 2025 and account for the majority of sales by 2035.

“Pure electric vehicles will contribute large part of new vehicles sold in China, public sector vehicles will be fully electric, fuel cell vehicles will be commercially available, and highly automated driving vehicles will be applied on a large scale, effectively promoting energy conservation and emission reduction and improving social operational efficiency,” China’s State Council said in a statement.

The current share of new energy vehicles only account for 5% of total car sale in China, the ambitious target was aligned with goal stated in Made in China 2025.

The state council also said the Chinese government will improve the green car quota system to guide automakers to make more clean energy vehicles, it also stated that the governments want to strengthen innovations to improve the industry’s infrastructure of key components such as power batteries, power charging and battery replacing facilities. while promoting a coordinated development of electric, network and intelligent technologies.

China’s New Energy car sales grew 5.1% to 1.06 million units last year, accounting for less than 5 per cent of total new passenger car sales, according to data by the China Passenger Car Association (CPCA). In the first nine months of 2020, NEV sales declined 19.3% to 601,000 units from the same period last year.