The Chinese government has announced plans to accelerate achieving its peak carbon dioxide emissions by 2030, targeting much higher usage of new energy vehicles in the next decade.
Beijing is eyeing a 40pc share of new energy vehicles (NEVs) and clean energy-powered vehicles in the country's total vehicles by 2030, double from an earlier target of 20pc by 2025, according to an action plan issued by the country's state council yesterday.
China will push the use of NEVs, gradually reduce sales of traditional fuel vehicles and promote replacement of urban public service vehicles with electric vehicles and increase the use of heavy freight vehicles powered by electricity, hydrogen fuel and liquefied natural gas, according to the plan.
The moves are in a bid to achieve the country's goal of peak carbon emissions before 2030 and carbon neutrality by 2060, with non-fossil energy consumption expected to rise to 25pc by 2030, while the carbon dioxide emission per unit of GDP down by over 65pc from 2005, the plan said.
China's total NEV output and sales during January-September reached fresh highs of 2.166mn and 2.157mn units, up by 184.5pc and 185.3pc on the year, respectively. Current rapid growth in the NEV market is expected to help China achieve the 20pc target for 2025 within the next two years. NEV sales currently account for 17.3pc of China's vehicle sales, with 19.5pc for new energy passenger vehicles, according to China Automotive Manufacturers Association.
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