Will New Energy Vehicles Gradually Dominate? Exploring the Evolution of New Energy Vehicles through the Lens of Carbon Emissions and Market Penetration

Yawen Li

doi:10.62051/ijgem.v6n3.27

Authors

Yawen Li

DOI:

https://doi.org/10.62051/ijgem.v6n3.27

Keywords:

New Energy Vehicles, Carbon Emissions, Market Penetration

Abstract

In recent years, the automotive landscape has undergone a remarkable transformation, shifting from the roar of gasoline-powered engines to the serene silence of new energy vehicles. This paradigm shift is primarily driven by the substitution of gasoline with innovative energy sources, resulting in a quieter and cleaner driving experience. Given this backdrop, what constitutes new energy sources? What advantages do new energy vehicles offer? Will they eventually supersede traditional fuel-powered cars? And what lies ahead for their future development? To address these questions, the author has conducted a comprehensive research and analysis on new energy vehicles.

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References

[1] Excluding oil-electric hybrid vehicles

[2] This report was jointly researched and written by 16 domestic and foreign institutions including China Automobile Data Co., Ltd., the United Nations Environment Programme, the National Center for Climate Change Strategy and International Cooperation, the World Resources Institute, and Beijing University of Technology.

[3] Under the Compulsory Scrapping Standards for Motor Vehicles, the reference range for the service life of passenger vehicles is 8 to 15 years.

[4] Currently, the International Energy Agency (IEA), the Organisation Internationale des Constructeurs d’Automobiles (OICA), the Marklines Auto Information Platform, Gasgoo, the China Passenger Car Association (CPCA), and the China Association of Automobile Manufacturers (CAAM) all report global or regional vehicle sales based on their respective statistical standards. The global sales data presented here and in the following text are sourced from Cui Dongshu, Secretary-General of the China Passenger Car Association, while the sales data for China’s automotive industry are sourced from the China Association of Automobile Manufacturers and the China Passenger Car Association.

[5] Including: The Notice on the Pilot Subsidy for Private Purchase of New Energy Vehicles issued by the Ministry of Finance, the Ministry of Science and Technology, and the National Development and Reform Commission in 2010; the Development Plan for Energy-saving and New Energy Automobile Industry (2012-2020) issued by the Ministry of Industry and Information Technology in 2011; the Notice on Continuing to Promote the Application of New Energy Vehicles jointly issued by the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, and the National Development and Reform Commission in 2013; the Guiding Opinions on Accelerating the Promotion and Application of New Energy Vehicles issued by the General Office of the State Council the in 2014;

[6] The Regulations on the Administration of Newly-established Pure Electric Passenger Vehicle Enterprises jointly issued by the National Development and Reform Commission and the Ministry of Industry and Information Technology in 2015.

[7] The Parallel Management Measures for the Average Fuel Consumption of Passenger Vehicle Enterprises and New Energy Vehicle Credits issued by the Ministry of Industry and Information Technology in 2017.

[8] Data source: The White Paper on the Development of China’s Lithium-ion Battery Recycling, Dismantling, and Secondary Use Industry (2024), jointly issued by research institutions EVTank, Yivi Economic Research Institute, and China Battery Industry Research Institute.

[9] China’s Ministry of Industry and Information Technology issued the Classification of Automotive Driving Automation in March 2022, dividing driving automation into 0-5 levels. Among them, L2 (Combined Driving Assistance): The automated driving system continuously executes lateral or longitudinal motion control of the vehicle within the designed operational conditions and possesses the ability to detect and respond to corresponding vehicle motion control.