China announced that it will encourage buyers to use light, small and low-emission gasoline vehicles along with promoting new energy cars. in 2021.
The central government’s top planning committee said China will increase purchases of light, small and low-emissions conventional passenger vehicles along with the promotion of new energy cars as the country grows. towards carbon neutrality.
Based on guidelines to encourage green consumption issued by the National Development and Reform Commission and other agencies, Beijing will ‘reasonably guide’ consumers to buy petrol cars with the following factors: mentioned while promoting new energy vehicles.
A statement said regulators will quickly build electric vehicle chargers and battery swapping stations along with energy storage and hydrogen charging facilities. It also added that it would encourage automakers to develop new energy vehicles (NEVs) tailored to the needs of rural people and those living outside of China’s major metropolises.
China, which is aiming to achieve carbon neutrality by 2060, is taking actions to accelerate change, starting to encourage alternative energy vehicles from 2008. Vehicles This accounted for 2.6% of total cars last year. The China Association of Automobile Manufacturers said that total new energy vehicle deliveries will be 3.51 million units in 2021. The China Tourist Vehicle Association said it is expecting passenger car sales. NEV will increase in 2022 to more than 5.5 million units from previous expectation of 4.8. million.
Last year, vehicle sales in the world’s largest auto market rose 3.8% to 26.3 million units in 2021, the first increase since 2018. The country is also aiming to secure ensure that 80% of the vehicles replaced or added by bus, taxi and logistics companies are new energy companies by 2025. It will also promote experimental adoption of fuel cell cars hydrogen fuel, according to the 14th five-year development plan launched by the national transport ministry.
(With input from Bloomberg)
Date of first publication: January 22, 2022, 12:48 PM IST