China’s NEV sales to account for 50pct of all new sales by 2035, industry body says

28-Oct-2020 Intellasia | Reuters | 6:02 AM Print This Post

Sales of new energy vehicles (NEV) will make up 50 percent of overall new car sales in China, the world’s biggest auto market, by 2035, an industry official said on Tuesday.

The influential industry body, China Society of Automotive Engineers (China-SAE), has members of senior auto executives and academicians and is involved in the setting of the country’s mid to long-term energy vehicle policies.

NEVs include battery electric, plug-in hybrid and hydrogen fuel-cell vehicles. Industry expects China to sell around 1.1 million NEVs this year.

Li Jun, president of China-SAE, told the association’s annual conference in Shanghai on Tuesday that the association predicts 95 percent of NEV sales in 2035 will be battery electric vehicles.

Li added hybrid vehicles will make up the rest 50 percent of all new vehicle sales by 2035.


Category: China

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