China’s new energy vehicle industrial development plan for 2021 to 2035

China’s New Energy Vehicle Industrial Development Plan for 2021 to 2035 (“Plan 2021–2035”) follows the Energy-Saving and New Energy Vehicle Industry Plan for 2012 to 2020 and aims to build a green, robust, and internationally competitive auto industry. It sets a target of an approximately 20% share for new energy vehicles (NEVs) in new vehicle sales by 2025 and other development targets for the NEV industry. This policy update is an overview of Plan 2021–2035 and highlights how it differs from the previous plan.