BEIJING－China, the world’s largest car market, has seen its new energy vehicle (NEV) industry enter the fast lane, powered by the country’s low-carbon strategy and surging demand.
China’s NEV industry has entered a new phase of development thanks to the country’s clear policy signals on low-carbon growth and many years of efforts in the sector.
The proportion of new NEVs in the sale of new vehicles is expected to rise to about 20 percent by 2025, and automobiles used in public transportation will be completely electrified by 2035.