The Chinese government has announced new regulations on the sale of new energy vehicles in the country.

Under new regulations announced by the ministry of industry and information technology, at least 10% of new vehicle sales in 2019 will have to be new energy vehicles, including electric and hybrid vehicles, rising to 12% by 2020.

A previously announced quota of 8% for 2018 has been cancelled to give companies more time to prepare.

With just over 28m passenger vehicles sold in the country last year, this new minimum is higher than previously announced.

The new regulations apply to companies that sell more than 30,000 conventional internal combustion engine vehicles annually, including locally made and imported vehicles. 

It is unclear whether this applies to the commercial vehicle segment but passenger vehicle sales alone amounted to almost 24m units last year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Companies that fail to meet these targets will have to buy quotas from other automakers or face financial penalties.

The ministry is looking to phase out fossil fuel powered vehicles in the long term although no specific timetable has been released.

China urgently needs to cut pollution levels in its main cities but it also has ambitions to become the global leader in the electric vehicle industry.