China hopes new energy vehicle sales can reach around a quarter of all car sales in 2025, up from a target of “over 20 per cent” laid out in a 2017 planning document, the industry ministry said on Tuesday in a draft plan for development of the sector.China’s market for new energy vehicles (NEVs) – which include plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel cells – has been a bright spot in an otherwise lackluster car market, with sales jumping 62 per cent…
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