Market Regulation UP! China’s “Multiple Points of Power Generation” Initiative Promotes High-Quality Development of New Energy Vehicles
Source: CCTV.com | Date: March 30, 2025
On March 30, 2025, during the ongoing discussions at the China Electric Vehicle Conference in Beijing, officials indicated that the regulation of China’s new energy vehicle market is set to experience significant growth. The annual production of new energy vehicles is expected to surpass 10 million units, accounting for 65% of total vehicle production, thereby maintaining its position as the world’s largest market for electric vehicles for a consecutive year.
Moving forward, China aims to enhance the high-quality development of new energy vehicles from multiple perspectives. The Ministry of Industry and Information Technology has stated that it will continue to support policies that promote the industry, focusing on the rapid advancement of electric vehicle technologies, including improved battery systems and high-efficiency hybrid power systems.
In terms of automation, efforts will be made to accelerate the integration of intelligent connected vehicles and establish testing grounds for autonomous driving, particularly aiming for the production of Level 3 automated vehicles.
The National Energy Administration has projected that by the end of 2024, the total installed capacity of electric power generation will reach 1,281.8 million kilowatts, representing a year-on-year increase of 49.1%. Several companies have also announced plans for significant expansions in their production capacities.
Furthermore, the National Energy Administration will continue to promote the construction of electric vehicle charging infrastructure, emphasizing the need for new technologies and innovations in the industry.
Recent statistics indicate that since the beginning of this year, as of March 28, 2025, the number of new energy vehicle registrations in China has reached 176.9 million, with new energy passenger vehicles accounting for approximately 205 million units, reflecting a 34% increase compared to the same period last year.
Officials from the sales department have noted that future strategies will focus on increasing the market share of new energy vehicles. There will be a concerted effort to enhance the support for these vehicles, particularly in terms of subsidies and promotional activities.
Sales representatives emphasized the importance of continuing to promote new energy vehicle usage within the country, and various initiatives will be launched to better integrate these vehicles into the market, including local subsidies and incentives for consumers.
