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Bloomberg
China is exploring ambitious new plans for the future of its car industry, weighing a target for 60% of all automobiles sold in the country to run on electric motors by 2035, according to people familiar with the matter.
China’s Ministry of Industry and Information Technology is spearheading the government’s latest auto industry plans for 2021 through 2035, said the people, who asked not to be identified discussing matters that haven’t been made public. The proposals are still under discussion and subject to change. The ministry said in July that it plans to disclose a draft of the targets by the end of the year.
China’s last roadmap on the auto industry was announced in 2017, when the government said new energy vehicles — all-electric, fuel-celled autos and plugin hybrids — would account for more than 20% of the country’s total vehicle sales by 2025.
Under the latest proposal, the NEV target for 2030 is 40%, according to one of the people, as the country looks to lead the world in the push away away from combustion engines.