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China targets 7 million annual NEV sales by 2025

CHONGQING – The Chinese government is driving the switchover from internal combustion engine powered cars to new energy vehicles with a short-term target of converting 12 percent of overall vehicle sales to NEVs by 2020 and 20 percent by 2025.

“China is poised to have 1 million NEVs on the roads in 2018, doubling the volumes by 2020 and 7 million of total vehicle sales by 2025,” said Michael Nash, Assistant Editor, Automotive Manufacturing Solutions, UK, at the 2018 Global Automotive Forum here on June 6.

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