InĀ China, the termĀ new energy vehicleĀ (NEV) is used to designateĀ automobilesĀ that are fully or predominantly powered byĀ electric energy, which includeĀ plug-in electric vehiclesābattery electric vehiclesĀ (BEVs) andĀ plug-in hybrid electric vehiclesĀ (PHEVs)āandĀ fuel cell electric vehiclesĀ (FCEV).[1][2]Ā TheĀ Chinese governmentĀ began implementation of its NEV program in 2009 to foster the development and introduction of new energy vehicles,[1]Ā andĀ electric carĀ buyers are eligible for public subsidies.
The stock of new energy passenger vehicles inĀ mainland ChinaĀ is the largest in the world, with 20.41Ā million plug-in cars in use at the end of 2023, accounting for 91% of all vehicles in circulation in China. All-electric cars account for 93% of the plug-in vehicle market. Sales in 2023 totaled 7.4 million units with a market share of 30.2% of total new car registrations, ranking as the world’s largest sales volume that year.[3]
Sales of new energy vehicles since 2011 passed the 500,000 unit milestone in March 2016, and the 1Ā million mark in early 2017, both, excluding imports.[4][5]Ā Cumulative sales of new energy passenger cars achieved the 500,000 unit milestone in September 2016, and 1Ā million by the end of 2017.[6][7]Ā Domestically produced passenger cars account for 96% of new energy car sales in China.[7][8]
China also dominates the plug-inĀ light commercial vehicleĀ andĀ electric busĀ deployment, with its stock reaching over 500,000 buses in 2019, 98% of the global stock, and 247,500 electric light commercial vehicles, 65% of the global fleet.[citation needed]Ā In addition, the country also leads sales of medium- and heavy duty electric trucks, with over 12,000 trucks sold, and nearly all battery electric.[9]
China has been the world’s best-selling plug-in electric passenger car market for nine years running, from 2015 to 2023, with annual sales rising from more than 207,000 plug-in passenger cars in 2015, to 579,000 in 2017, and just over 7Ā million units in 2023.[9]Ā A particular feature of the Chinese passenger plug-in market is the dominance of small entry level vehicles, in 2015 representing 87% of total pure electric car sales, while 96% of total plug-in hybrid car sales were in theĀ compactĀ segment.[10]
The government’s political support for the adoption of electric vehicles has four goals, to create a world-leading industry that would produce jobs and exports;Ā energy securityĀ to reduce its oil dependence which comes from theĀ Middle East; to reduce urbanĀ air pollution; and to reduce itsĀ carbon emissions.[11]Ā In June 2012 theĀ State Council of ChinaĀ published a plan to develop the domestic energy-saving and new energy vehicle industry. The plan set a sales target of 500,000 new energy vehicles by 2015 and 5 million by 2020.[12]Ā As sales of new energy vehicles were slower than expected, in September 2013, the central government introduced a subsidy scheme providing a maximum ofĀ US$9,800Ā toward the purchase of an all-electric passenger vehicle and up toĀ US$81,600Ā for an electric bus.[13]
Sales of new energy vehicles since 2011 passed the 500,000 unit milestone in March 2016, and the 1Ā million mark in early 2017, both, excluding imports.[4][5]Ā Cumulative sales of new energy passenger cars achieved the 500,000 unit milestone in September 2016, and 1Ā million by the end of 2017.[6][7]Ā Domestically produced passenger cars account for 96% of new energy car sales in China.[7][8]
China also dominates the plug-inĀ light commercial vehicleĀ andĀ electric busĀ deployment, with its stock reaching over 500,000 buses in 2019, 98% of the global stock, and 247,500 electric light commercial vehicles, 65% of the global fleet.[citation needed]Ā In addition, the country also leads sales of medium- and heavy duty electric trucks, with over 12,000 trucks sold, and nearly all battery electric.[9]
China has been the world’s best-selling plug-in electric passenger car market for nine years running, from 2015 to 2023, with annual sales rising from more than 207,000 plug-in passenger cars in 2015, to 579,000 in 2017, and just over 7Ā million units in 2023.[9]Ā A particular feature of the Chinese passenger plug-in market is the dominance of small entry level vehicles, in 2015 representing 87% of total pure electric car sales, while 96% of total plug-in hybrid car sales were in theĀ compactĀ segment.[10]
The government’s political support for the adoption of electric vehicles has four goals, to create a world-leading industry that would produce jobs and exports;Ā energy securityĀ to reduce its oil dependence which comes from theĀ Middle East; to reduce urbanĀ air pollution; and to reduce itsĀ carbon emissions.[11]Ā In June 2012 theĀ State Council of ChinaĀ published a plan to develop the domestic energy-saving and new energy vehicle industry. The plan set a sales target of 500,000 new energy vehicles by 2015 and 5 million by 2020.[12]Ā As sales of new energy vehicles were slower than expected, in September 2013, the central government introduced a subsidy scheme providing a maximum ofĀ US$9,800Ā toward the purchase of an all-electric passenger vehicle and up toĀ US$81,600Ā for an electric bus.[13]
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