• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

China raises EV ambitions with 30% fleet target by 2030

by July 9, 2026
written by July 9, 2026

China has unveiled a new carbon-peaking action plan that targets new energy vehicles (NEVs) accounting for 30% of the country’s total vehicle fleet by 2030, marking a significant step in the electrification of the world’s largest automobile market.

The State Council on Thursday released the “15th Five-Year Plan” Carbon Peaking Action Plan, outlining the country’s roadmap to peak carbon emissions before 2030.

The latest target indicates that China’s existing NEV fleet will need to more than double over the next five years.

NEV fleet target raises electrification ambitions

According to data from China’s Ministry of Public Security, the country’s NEV fleet reached 43.97 million units by the end of 2025, representing 12.01% of the total vehicle stock.

Battery electric vehicles (BEVs) accounted for 30.22 million units, making up 68.74% of the overall NEV fleet.

In addition to passenger vehicles, the action plan sets a target for new energy commercial transport vehicles to account for 25% of the fleet by 2030.

The document also calls for faster electrification across the public sector.

It proposes promoting the use of new energy vehicles at construction sites, mines, ports, and airports while supporting the large-scale adoption of new energy-powered heavy trucks.

Infrastructure expansion to support adoption

To support wider NEV deployment, the plan proposes expanding refueling and charging infrastructure across the country.

The roadmap includes improvements to charging stations, battery-swapping facilities and refueling infrastructure for green hydrogen, ammonia and methanol.

It also focuses on developing zero-carbon road transport corridors along national expressways and major highways with heavy freight traffic.

The plan further proposes building zero-carbon waterway corridors while promoting vessels powered by electricity, liquefied natural gas, biodiesel, and green methanol.

Broader clean energy targets

Beyond transportation, the action plan outlines several energy transition goals for 2030.

It targets a 17% reduction in carbon dioxide emissions per unit of gross domestic product compared with 2025 levels.

It also aims for non-fossil energy to account for 25% of total energy consumption by 2030.

In 2025, non-fossil energy sources, including wind, solar, hydro, and nuclear power, accounted for 21.7% of China’s total energy consumption.

The plan proposes expanding installed wind and solar power capacity to more than 2.8 billion kilowatts by 2030.

It also targets operating nuclear power capacity of approximately 110 million kilowatts.

Energy storage is another focus area.

The roadmap aims for installed capacity of new energy storage to reach 300 million kilowatts, while pumped-storage hydropower capacity is expected to increase to around 160 million kilowatts.

During the 15th Five-Year Plan period, China also plans to ensure that incremental electricity demand is increasingly met through additional clean energy generation.

Industrial decarbonization and investment measures

The action plan also outlines broader industrial and investment initiatives to support China’s carbon reduction goals.

It proposes building around 100 national-level zero-carbon parks and approximately 500 zero-carbon factories during the 15th Five-Year Plan period.

The roadmap also calls for strengthening the competitiveness of industries including new energy, NEVs and power batteries while cultivating emerging sectors such as hydrogen energy and green fuels.

To support the transition, the plan proposes establishing a national low-carbon transition fund aimed at guiding private capital toward carbon peaking and carbon neutrality projects.

The post China raises EV ambitions with 30% fleet target by 2030 appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Column: Can AI’s biggest winners keep delivering blockbuster earnings?
next post
Magnificent 7 stocks are now at their cheapest in about 10 years

related articles

Michael Burry calls Lululemon his portfolio trickster: why...

September 8, 2026

Samsung, SK Hynix send KOSPI above 7,100 as...

September 8, 2026

Hang Seng Index forms a highly bullish pattern...

September 8, 2026

Nvidia supplier Wistron is spending big on AI:...

September 8, 2026

Why investors see more upside for SanDisk’s 500%...

September 7, 2026

DRAM ETF gained 18% last month: can it...

September 7, 2026

Broadcom stock: Why the AI chipmaker’s growth story...

September 7, 2026

UBS sees two Fed hikes in 2026: what...

September 7, 2026

Micron stock: Could doubling HBM capacity create an...

September 7, 2026

Apple to release folded iPhone this week: what...

September 7, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • KOSPI rout jolts Asian markets as Apple turns AI boom into cost scare

    June 26, 2026
  • This stock is a better pick than SpaceX for disciplined investors

    June 13, 2026
  • Walz approval rating craters to lowest level ever and trails Trump amid massive fraud scandal: ‘Tired of it’

    June 19, 2026
  • Nvidia teams up with Abridge to build AI model for healthcare: report

    June 11, 2026
  • FTSE 250 edges up as Segro rally lifts UK property stocks

    June 24, 2026

Popular Posts

  • 1

    CoreWeave stock jumps 10% as analysts see major backlog upside

    June 16, 2026
  • 2

    Intel, AMD stocks slide again in aftermath of Broadcom’s weak outlook

    June 5, 2026
  • 3

    Dow tumbles 680 points as chip rout sends Nasdaq to biggest drop since 2025

    June 5, 2026
  • 4

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026
  • 5

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026

Categories

  • Editor's Pick (558)
  • Investing (1,113)
  • Stock (90)

Latest Posts

  • IREN stock is crashing and it’s not entirely about the Meta threat

    July 2, 2026
  • Forget Nvidia: Philippe Laffont reveals his preferred way to gain AI exposure

    June 24, 2026
  • Thinking of investing in SK Hynix ADS today? Here are 5 must-know risks and catalysts

    July 10, 2026

Recent Posts

  • Unearthed DOJ emails expose turmoil over Biden-era memo urging crackdown on parents

    June 12, 2026
  • Trump’s tougher round-two birthright citizenship strategy hinges on key legal distinction, experts say

    August 29, 2026
  • Nikkei tops 71,000 as Asian markets shrug off US-Iran deal risks

    June 18, 2026

Editor’s Pick

  • Bondi’s replacement saddled with Epstein baggage as he awaits grueling confirmation battle

    June 5, 2026
  • Trump leaves Netanyahu endorsement hanging with pointed warning ahead of crucial election

    June 19, 2026
  • Trump-backed candidate survives grueling runoff, advances to high-stakes Senate race

    June 17, 2026
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock