China’s NEV Industry Accelerates Green Transformation in 2023

Driving Sustainable Growth Amid Global Climate Action

China’s new energy vehicle (NEV) industry is surging ahead with green and low-carbon initiatives, playing a pivotal role in the nation’s broader efforts toward carbon neutrality. In the first three quarters of 2023, NEV sales soared to 6.28 million units, a remarkable 37.5 percent year-on-year increase, boasting a market penetration rate of 29.8 percent, according to Wan Gang, Chairman of the China Association for Science and Technology.

National Targets for Green Auto Industry

Aligned with global goals, China’s automobile industry aims to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, as outlined by Li Jun, an academician of the Chinese Academy of Engineering. Given the prevalence of internal combustion engines in commercial vehicles, Li advocates for a shift towards decarbonization and zero-carbonization in future automotive products.

Hydrogen Energy Takes Center Stage

March 2022 saw the issuance of a comprehensive plan to develop the hydrogen energy industry, recognizing it as a crucial component of the national energy system. Wan Gang emphasized the importance of driving core technology innovation in hydrogen energy and fuel cell vehicles, envisioning a “hydrogen highway” connecting regions for large-scale cross-regional operations.

Roadmap for Green Automobile Industry

A joint roadmap by multiple departments emphasizes the need to reduce carbon emissions from vehicle operations, advocating for the construction of low-carbon transportation and energy systems. Chen Jiachang, Vice Minister of Science and Technology, underscores the importance of strengthening basic research and pivotal technology research amidst the rapid global growth of the NEV industry.

As the NEV sector gains momentum, a concerted focus on innovation, international collaboration, and sustainable practices will pave the way for the green, coordinated development of the entire industrial chain. China’s NEV industry stands as a beacon for sustainable growth in the automotive sector, aligning with global imperatives for a greener and low-carbon future.

Source:china.org.cn

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