The previous target was for the figure to reach 40 percent by 2030 and 50 percent by 2035.
China has set a new target for the development of new energy vehicles (NEVs), as their penetration grows beyond initial expectations.
China’s goal is to strive for 45 percent of new vehicles added to be NEVs by 2027, according to a State Council document released by the official Xinhua News Agency on January 11.
By then, older internal combustion…
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