This is the new target for electric vehicles set by the Party Central Committee and State Council in their “Opinions on Comprehensively Promoting the Construction of a Beautiful China”.
The target of 45% of EVs among new cars is compared to 30% in 2023.
More on this opinion in this X thread.
Update 2026-01-17 (PST) (AI summary of creator comment): The creator is proposing to align the title with the description. The new title would be: "Will new energy vehicles (BEV, PHEV, FCEV) make for more than 45% of new cars in 2027 in China?"
This clarifies that the market will resolve based on:
New energy vehicles (not just Chinese EVs)
Including BEV (Battery Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles), and FCEV (Fuel Cell Electric Vehicles)
Sales in China specifically
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@traders Do you agree that I align the title with the description: Title would become "Will new energy vehicles (BEV, PHEV, FCEV) make for more than 45% of new cars in 2027 in China?", which is not the same as the original ambiguous one but fits the description and reference in the link.
@ProjectVictory Oh oh :) Yes, you're right. I'll update the title to map this: 45% of new cars sold in China.
@ProjectVictory nope, I just wanted to make sure traders were fine with this clarification because it may be far away from expectations (I don't think ambiguous is ever good, anyway, but if some have objections let's hear them out first)