China's "New Energy Vehicle Industry Development Plan (2021-2035)" was released today, which mentioned that by 2025, new energy vehicle sales will reach about 20% of total new vehicle sales.
The plan also states that by 2025, the average electricity consumption of new electric passenger cars in China will drop to 12.0 kWh/100 km and that highly automated vehicles will be commercially available in limited areas and in specific scenarios.
By 2035, pure electric vehicles will be the mainstream of new vehicles sold, public sector vehicles will be fully electric, and fuel cell vehicles will be commercially available. By that time, highly automated vehicles will be applied on a large scale, effectively promoting energy conservation and emission reduction and improving social operating efficiency.
Analysts expect strong sales in China's new energy vehicle market in H2
The Plan deploys five strategic tasks:
1, Improve technology innovation capability. We will place equal emphasis on complete vehicles and parts, strengthen the technological innovation of vehicle integration, improve the industry-based capability of key parts and components such as power batteries and new-generation motors for vehicles, and promote the synergistic development of electrification, network connection, and intelligent technology.
2, Build a new type of industrial ecology. Taking ecology-led enterprises as a leader, we will speed up the development and application of vehicle operating systems, build a highly efficient recycling system for power batteries, strengthen quality and safety assurance, and promote the formation of a new industrial ecology of mutual integration and symbiosis, division of labor and cooperation, and profit-sharing.
China's saw 20,000 new energy vehicle-related company registrations in Q2
3, Promote industrial integration and development. Promote the full and deep integration of new energy vehicles with energy, transportation, information, and communication, promote the optimization of energy consumption structure, enhance the level of the transportation system and urban intelligence, and build a new pattern of industrial synergy development.
4, Improve the infrastructure system. Accelerate the construction of infrastructure for charging and switching, hydrogenation, etc., improve the level of interconnection and intercommunication, encourage business model innovation, and create a favorable environment for use.
5, Deepen open cooperation. We will practice the cooperation concept of openness and accommodation, mutual benefit and win-win cooperation, deepen exchanges and cooperation in R&D and design, trade and investment, technical standards and other fields, actively participate in international competition, and continuously improve international competitiveness.
The Plan calls for giving full play to the role of market mechanisms, promoting the survival of the fittest, supporting mergers and reorganization of superior enterprises, getting bigger and stronger, and further improving industrial concentration.
Preferential tax policies relating to new energy vehicles should be implemented, measures such as optimizing classified traffic management and financial services should be taken, financial support should be given to the construction of charging piles as public facilities, and preferential policies should be given to the parking and charging of new energy vehicles.
Analysts say China's new-energy vehicle industry trough is over
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