According to the “15th Five-Year Plan of Action” recently issued by the State Council, the “15th Five-Year Plan” period is a critical period and an aggressive period for achieving carbon peaks. The “Plan” sets targets for low-carbon transformation in the transportation sector. It is clear that by 2030, the share of NEVs will be owned to reach 30%, and the share of NEV-operated vehicles will reach 25%. At present, the incremental penetration rate of domestic new energy vehicles is approaching 50%, but progress in the transformation of the stock market is clearly lagging behind. According to data from the Ministry of Public Security, as of the end of June this year, the number of motor vehicles in the country reached 476 million, including 371 million cars. Meanwhile, the number of new energy vehicles owned is 48.97 million, accounting for 13.19% of the total number of vehicles, and there is still a gap of nearly 17 percentage points from the 30% target. Industry analysts believe that during the “15th Five-Year Plan” period, the focus of the automobile industry on carbon reduction will usher in a fundamental shift, that is, from focusing on driving the growth of new new energy vehicles in the past, to incremental capacity expansion and parallel replacement of fuel vehicles. High-frequency, high-emission operating vehicles such as the public sector and heavy freight trucks will become the main battleground for stock substitution. Relying on special financial subsidies, iteration of multiple power technology, and global energy supplementation network support, the automobile industry will assume the core responsibility of reducing carbon emissions in the transportation sector and build a strong industrial chassis for the country to complete the carbon peak task as scheduled.

According to the “15th Five-Year Plan of Action” recently issued by the State Council, the “15th Five-Year Plan” period is a critical period and an aggressive period for achieving carbon peaks. The “Plan” sets targets for low-carbon transformation in the transportation sector. It is clear that by 2030, the share of NEVs will be owned to reach 30%, and the share of NEV-operated vehicles will reach 25%. At present, the incremental penetration rate of domestic new energy vehicles is approaching 50%, but progress in the transformation of the stock market is clearly lagging behind. According to data from the Ministry of Public Security, as of the end of June this year, the number of motor vehicles in the country reached 476 million, including 371 million cars. Meanwhile, the number of new energy vehicles owned is 48.97 million, accounting for 13.19% of the total number of vehicles, and there is still a gap of nearly 17 percentage points from the 30% target. Industry analysts believe that during the “15th Five-Year Plan” period, the focus of the automobile industry on carbon reduction will usher in a fundamental shift, that is, from focusing on driving the growth of new new energy vehicles in the past, to incremental capacity expansion and parallel replacement of fuel vehicles. High-frequency, high-emission operating vehicles such as the public sector and heavy freight trucks will become the main battleground for stock substitution. Relying on special financial subsidies, iteration of multiple power technology, and global energy supplementation network support, the automobile industry will assume the core responsibility of reducing carbon emissions in the transportation sector and build a strong industrial chassis for the country to complete the carbon peak task as scheduled.