China targets 70% EV share of passenger car sales by 2030

September 11, 2026 at 02:10 PM1 min

This digest was compiled by AI from multiple sources — links to the originals are below.

China's Ministry of Industry and Information Technology unveiled a roadmap targeting 70% of passenger car sales to be electric or hybrid by 2030. The plan also aims for 40% of new commercial vehicle sales to be electric by 2030. The targets come as EV adoption accelerates, with new energy vehicles reaching 65% of passenger car sales in August.

Key Facts

China aims for electric and hybrid vehicles to account for 70% of passenger car sales by 2030.
The plan targets 40% of new commercial vehicle sales to be electric by 2030.
New energy vehicles accounted for 54% of passenger vehicle sales at the end of last year.
EVs and hybrids reached 65% of China's total passenger car sales in August, according to the Passenger Car Association.
Sinopec expects Chinese oil demand to drop by 8.9% in 2026 from a year earlier.

EV Sales Targets

China's Ministry of Industry and Information Technology released a roadmap for smart electric vehicle development. The plan calls for mass deployment of autonomous vehicles on highways, urban expressways, and some city roads by 2030. The government will form a group of automakers capable of entering the global top ten by sales volume. The roadmap aims to strengthen the global appeal of Chinese car brands and increase China's influence on international standards.

Oil Demand Impact

The 70% EV target is expected to further erode road fuel demand in China, which has been falling for two consecutive years. This year's decline has been steeper amid the energy price shock following the start of the war in Iran. Sinopec, the world's top refiner by capacity, expects Chinese oil demand to drop by 8.9% in 2026. Gasoline demand is set for an 8% decline in 2026, according to Sinopec.