Sources and links on page 500 (10)
Links embedded in the original report PDF, including citations and other references. These destinations have not been independently reviewed. Links open in a new tab.
- https://www.gov.cn/zhengce/zhengceku/202501/content_7001024.htm
- https://www.gov.cn/zhengce/202501/content_7001028.htm
- https://www.gov.cn/zhengce/202502/content_7003408.htm
- https://www.gov.cn/zhengce/202502/content_7004966.htm
- https://www.gov.cn/yaowen/liebiao/202502/content_7005430.htm
- https://www.gov.cn/lianbo/bumen/202504/content_7021759.htm
- https://www.gov.cn/zhengce/202507/content_7032374.htm
- https://www.gov.cn/yaowen/liebiao/202507/content_7034074.htm
- https://www.gov.cn/yaowen/liebiao/202508/content_7036200.htm
- https://www.gov.cn/zhengce/202509/content_7040551.htm
Text on page 500
2025 China New Energy Vehicle (NEV) Policy Landscape Unprecedented Growth
Signs of Overheating
Market Penetration
Irrational Competition Emerges
8.2M NEV Sales
107% – 2024 average combined ratio for NEV Insurers indicating significant underwriting losses and disorder
7 Months of 2025: Nearly half of all new car sales
A Shift in Policy Focus
Future-Proofing the Industry
From Scale to Quality
Alignment and Focus
Government regulating industry
Focus on core tech & global standards
New plans emphasizing:
Cost
Monitoring & Production Consistency
Curbing Disorderly Healthier Development
Aligning with international regulations
Key Policy Pillars 1. Lower Ownership Barriers (Jan)
Reform NEV insurance through risk-based pricing, universal insurability, and innovative products
Reduce premium burden; stabilize consumer confidence 2. Strengthen Green & Supply-Chain Sustainability (Feb)
Enhance power battery recycling and utilization
Support green upgrading of NEV and intelligent vehicle industries 3. Build Standards for Emerging Technologies (Apr)
Accelerate standards for AI in vehicles, solid-state batteries, battery swapping
Reinforce NEV safety, automotive chips, and low-carbon standards 4. Normalize Market Competition (Jul)
Curb irrational price competition (“anti-involution”)
Strengthen cost/price monitoring and supplier payment discipline 5. Confirm Market Maturity (Aug)
NEV sales > 8.2M units (Jan–Jul); penetration 45%
2025 national NEV penetration target achieved ahead of schedule 6. Anchor Medium-Term Growth (Sep)
2025 NEV sales target: ~15.5M units (+20% YoY)
Expand public-sector NEV adoption, trade-in programs, battery-swapping models
Continue tax incentives and insurance reforms
Source: https://www.gov.cn/zhengce/zhengceku/202501/content_7001024.htm, https://www.gov.cn/zhengce/202501/content_7001028.htm https://www.gov.cn/zhengce/202502/content_7003408.htm, https://www.gov.cn/zhengce/202502/content_7004966.htm, https://www.gov.cn/yaowen/liebiao/202502/content_7005430.htm, https://www.gov.cn/lianbo/bumen/202504/content_7021759.htm, https://www.gov.cn/zhengce/202507/content_7032374.htm, https://www.gov.cn/yaowen/liebiao/202507/content_7034074.htm https://www.gov.cn/yaowen/liebiao/202508/content_7036200.htm, https://www.gov.cn/zhengce/202509/content_7040551.htm
Extracted from the PDF; charts and images may read imperfectly.
Page 500 · 3/7