In China, electric cars will occupy a quarter of sales by 2025

In China, electric cars will occupy a quarter of sales by 2025

December 5, 2019 0 By autotimesnews

The authorities of the Celestial Empire are going to continue the active development of the car niche on new energy sources. Such cars even have their own name “NEV” – an abbreviation for “New Energy Vehicle”.

In China, progress in electrification has led to a boom in electric cars. Now the PRC continues its development in this direction, expanding the scope of its interests. The country has focused on NEV machines using new energy sources. This concept includes electric cars, “green” fuel cell vehicles and plug-in hybrids.

By 2025, the share of such cars in the total sales of new cars should reach 25 percent, writes Xinhua News Agency. This figure is contained in the draft updated plan of the Ministry of Industry and Information Technology of China.

 The plan that the country is now guided by was introduced back in 2017. Here, NEV cars were allocated a 20% share in the “team” standings. In the new edition of the project, their share has grown. This will be facilitated by the emerging technological breakthrough in the field of development of batteries, motors and on-board software.

According to local analysts, over the past ten months of this year, NEV sales in China have shown double-digit growth. And this is against the background of the general fall of the “heavenly” car market. At the same time, the share of such “clean” transport is still small – about 5 percent.