Ministry: Sector to account for 25% of overall purchases in nation by 2025
New energy vehicles are expected to account for 25 percent of the total car sales in China by 2025, up from the 20 percent estimated in 2017, an indication that the country is even more committed to making steady progress in the burgeoning sector.
The target has been updated in a draft plan released by the Ministry of Industry and Information Technology on Tuesday. The new plan will serve as the development guideline for the sector in China from 2021 to 2035.
