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China Raises 2025 New-Energy Vehicle Sales Target to 25% of All Cars

By Liu Yukun and Denise Jia / Dec 04, 2019 07:03 AM / Environment

Photo: VCG

Photo: VCG

China raised its 2025 sales target for new-energy vehicles (NEVs) to a quarter of all car sales from a previously planned 20% as the industry shows signs of slowing after steep cuts to government subsidies.

In a new draft plan on NEV industry development issued Wednesday, the Ministry of Industry and Information Technology (MIIT) also put forward radically reduced requirements for NEVs’ energy consumption.

According to the draft, the average fuel consumption of new plug-in hybrid passenger vehicles in China is required to drop to 2 liters per 100 kilometers by 2025, and the average power consumption of new purely electric passenger vehicles has to drop to 12 kilowatt-hours per 100 kilometers. This is the first time for China to measure the power consumption of purely electric cars in terms of electricity consumption. The government previously measured both purely electric cars and conventional cars based on fuel consumption.

The 12 kilowatt-hours per 100 kilometers requirement is a hard-to-reach target, according to a report by China Automotive Technology and Research Center. The report projects the average power consumption of purely electric cars to drop to about 13.85 kilowatt-hours per 100 kilometers.

During the first 10 months of 2019, China sold 940,000 million NEVs, which include plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel cells. They accounted for 4.6% of vehicle sales, according to the China Association of Automobile Manufacturers.

The MIIT had aimed to sell a total of 35 million cars per year by 2025, in which NEVs would account for 20%. But industry participants have been pessimistic about the target.

Contact reporter Denise Jia (huijuanjia@caixin.com)

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