Former MIIT Vice Minister Su Bo: NEV Market Penetration Rate Expected to Exceed 70% by 2030
On April 11, the High-Level Forum on Intelligent Electric Vehicle Development (2026) was held. The "15th Five-Year Plan" period is the decisive phase for China to transform from a major automotive country into an automotive powerhouse. NEVs are expected to undertake the national mission of building a manufacturing powerhouse, a science and technology powerhouse, a transportation powerhouse, and achieving the "dual carbon" goals. By 2030, NEVs will become the absolute mainstream of the automotive market, with the penetration rate in China expected to exceed 70%. The goal of building China into a NEV powerhouse is expected to be achieved ahead of schedule by the end of the "15th Five-Year Plan" period.