China Targets Alternative-Fuel Vehicles Reaching 20% of Sales by 2025
China government officials are forecasting sales of non-gasoline-powered vehicles to jump to 20% of overall Chinese sales by 2025, from just 5% now.
Sales of "new energy vehicles," which include battery electric, plug-in hybrids, and hydrogen fuel-cell vehicles, are expected to jump as the technology improves and the vehicles become more price competitive, according to a State Council report released Monday. The State Council is China's cabinet, and the forecast was included as part of the discussion around a new national five-year plan.
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Source Fool.com
