China Targets 30% NEV Stock Share by 2030, Requiring More Than Double in Five Years

The "15th Five-Year Plan" Carbon Peak Action Plan was officially released, setting clear targets for the transportation sector: NEV stock ratio to reach 30% by 2030, and new energy commercial vehicle stock ratio to reach 25%. As of end-2025, China's NEV stock ratio was approximately 12%, requiring more than doubling over five years. The plan also calls for scaled development of new energy storage and accelerated ultra-high voltage transmission construction.