He estimates that up to 2025 percent of the cars to be sold in the country's total by 20 in China will be new and clean-energy cars (electric, hybrid, battery). On the other hand, sales of such cars will become the 'dominant trend' in 2035.
The document, released this week by the central government, aims to broadly develop the industry through the creation of more efficient networks for charging and recycling vehicle batteries. Beijing encourages different companies in the industry to further integrate and support after-sales services to accelerate an industry that accounts for up to 2019 percent of sales in the country as of 5.
In the document in question, it is foreseen that, as a result of uninterrupted efforts to be made for 15 years, that is, until 2035, fully electric vehicles will constitute the majority of passenger cars and all public vehicles. These official predictions have been welcomed by the markets.
As a matter of fact, the stocks of BYD, one of the leading manufacturers of the electric vehicle industry in China, finished the Shenzhen Stock Exchange with a net increase of 5,11 percent on Monday. Shenglan Technology, one of the other local producers, recorded high increases of 20,01 percent and Kstopa 14,64 percent.
China is currently the country that invests the most in the renewable energy sector. President Xi Jinping pledged in September that his country would reach the carbon neutral stage by 2060 at the latest.
Source: China International Radio