The Rapid Development of China’s NEV Market and its Policy/Regulations Driving Forces
The production and sale of new energy vehicles（NEVs）in China have skyrocketed in recent years, accounting for more than half of the global figure. Purchase subsidies, tax incentives and the stringent NEV-CAFE dual credit policy are strong factors in stimulating electric vehicle (EV) growth in China. With the expiry of direct state subsidies and the phase out of tax incentives, will the strong growth in the EV market continue? Will the innovations and electrification of powertrain technologies keep pace with China’s commitment to the 2060 carbon neutrality plan?
ABOUT THE AUTHOR
Dr. Qingyuan Song is chief engineer of Policy & Regulatory Affairs at Geely Powertrain where he is responsible for technology roadmap and product planning to ensure continued future regulatory compliance for domestic and international markets. Externally, he is active in participating in government think-tanks such as CATARC, CAAM, China SAE, etc. to influence China’s future regulations on emission and carbon reduction, as well as future standard developments such as China 7.
Prior to Geely, Dr. Song worked for the U.S. Environmental Protection Agency (EPA) as a research scientist, Ford USA as a leadership-level specialist, Beiqi Foton as director of advanced technology/materials, and Nissan China as general manager of external affairs.