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China sets 30% EV requirement for government fleets to support eco-friendly initiatives

share-iconPublished: Monday, December 30 share-iconUpdated: Monday, December 30 comment-icon3 months ago
News sources:
SCMP
China sets 30% EV requirement for government fleets to support eco-friendly initiatives

Credited from: SCMP

  • China's government departments are required to ensure **30% of vehicle purchases** are electric, as part of eco-friendly initiatives.
  • The **Ministry of Finance** has issued a circular mandating this goal, which aims to **promote electric car usage** among officials.
  • Domestic EV manufacturers like **BYD** and **Nio** dominate the market, holding over **80%** of the sales share.
  • As charging infrastructure expands, analysts expect **growing popularity** of EVs among government fleets.
  • Incentives such as **cash subsidies** and tax exemptions are in place to facilitate the shift towards electric vehicles in China.

For further details, visit the original article here.

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China Electric vehicles Government procurement Ev sales Carbon neutrality
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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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