If you’re curious just what the world’s biggest car market will look like in the next 10-15 years, the China Society of Automotive Engineers (China-SAE) has a few interesting statistics for us.
According to them, NEV (new energy vehicle) sales will jump to 20% of overall new car sales by 2025, as opposed to just 5% right now. That growth will reach 50% by the year 2035, with 95% of those NEVs being fully electric models. The remaining 5% will be hybrid vehicles.
NEVs include not just battery electric cars, but also plug-in hybrids, hybrids and hydrogen fuel-cell vehicles. Around 1.1 million cars belonging to these categories will reach new customers this year.
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These numbers were presented by China-SAE president Li Jun during a conference in Shanghai. The exec also added that carbon dioxide emissions from China’s car industry were expected to peak around 2028, and drop to 20% of those levels by 2035, reports Reuters.
Last month, Chinese president Xi Jinping announced plans to rush the country’s Paris climate accord target, stating that China would achieve a peak in carbon dioxide emissions within the next 10 years, and total carbon neutrality before 2060.
Interestingly enough, some Chinese carmakers are planning on focusing their attention on hydrogen fuel cell models, which at the moment remains a niche category in the local market. According to a previous report, SAIC Motor wants to sell more than 10,000 fuel cell models by the year 2025, with Beiqi Foton Motor (a BAIC unit) aiming for 4,000 units by 2023, before hitting 15,000 units by 2025.
