CHINA REPORT
Pilot cities must embrace EVs in official vehicles, public transport, taxis, sanitation, postal express, urban logistics, airport vehicles, aiming to achieve 80% NEV proportion by 2025. A balanced and efficient charging infrastructure must be established, with public charging piles proportional to NEV promotion, and 10% charging facilities in expressway service areas.
Innovation in tech, green energy supply, and new information/communication networks must be applied to efficiently integrate NEVs with power grids and other fields. Innovations such as intelligent charging, high-power charging, rapid power change have been expanded, and vehicle-network integration verified.
Source: The QQ Read The Article
PSR Analysis: China’s new energy vehicle industry has achieved success. In 2022, sales of all vehicles reached 6.887 million units, ranking first in the world for 8 years straight. New energy vehicles made up 25.6% of total vehicle sales, surpassing the 2025 goal set in the New Energy Vehicle Industry Development Plan. China leads in core technologies like batteries, motors, and electronic control. The production and sales of new energy vehicles will continue to grow rapidly in 2023.
In 2022, commercial vehicles were only 25% of total vehicles, but consumed 40% of automobile oil and produced over 50% of carbon emissions. Electrifying public vehicles will reduce emissions and dependence on foreign oil.
Currently, new energy vehicles only make up 10% of public vehicles, compared to 20% in the market. The penetration rate of new energy commercial vehicles is below 9%, and 7% for trucks. The nationwide pilot project aims to speed up electrification by being progressive and inspiring other cities. PSR
Jack Hao is Senior Research Manager – China, for Power Systems Research
