News！The State Council： 40 percent of new-added and clean energy-powered vehicles will be installed by 2030
The State Council released a document titled "Action Plan for Carbon Dioxide Peaking Before 2030." on Oct 26, to promote low-carbon transformation of transportation vehicles and equipment and actively expand the application of new and clean energy in transportation, such as electricity, hydrogen power, natural gas, and advanced liquid biofuels.
Specific measures include: We will vigorously promote new-energy vehicles, while gradually reducing the proportion of cars that run on traditional oil-based fuels in new car sales and car ownership, promote the replacement of public service vehicles with electric vehicles and the use of heavy cargo trucks fueled by electricity, hydrogen fuel, and liquefied natural gas. We will make the railway system more electricity based. We will work faster to upgrade old ships, and develop ships fueled by electric power and liquefied natural gas. We will further promote the use of shore power by ships while in port. We will make in-depth efforts to advance demonstration and utilization of green, smart ships along coastline and inland waterways according to local conditions. We will work to make airport operations based increasingly on electric power and smart technology, and develop new-energy aircraft.
The plan targets that by 2030, 40 percent of new-added and clean energy-powered vehicles will be installed, the carbon emission intensity per unit converted turnover of operating vehicles will be reduced by 9.5 percent from 2020, and the comprehensive energy consumption per unit converted turnover of national railways will be reduced by 10 percent from 2020. Land transport oil consumption aims to peak by 2030.
The popularity of new energy in the field of passenger vehicles is remarkable. In September, the penetration rate of new energy passenger vehicles in China reached 19.5 percent, approaching 20 percent, according to the China Association of Automobile Manufacturers (CAAM). This has become an important sign of accelerated market growth.
At the same time, the substitution effect of new energy passenger vehicles is gradually emerging. Retail sales of new energy passenger vehicles reached 334,000 units in September, up 202.1 percent year-on-year and 33.2 percent month-on-month, according to the CPCA. From January to September, 1.818 million new energy vehicles were sold in retail, up 203.1% year on year. Looking at the passenger car market as a whole, retail sales of passenger cars in September reached 1.582 million units, down 17.3% year-on-year.The trend of new energy passenger vehicles and traditional fuel vehicles forms a strong difference in the characteristics, to achieve the substitution effect on the fuel vehicle market, and drive the pace of the car market to new energy transformation.