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China Sets 70% EV Goal for New-Car Sales in Five-Year Plan

Original: China Sets 70% EV Goal for New-Car Sales in 5-Year Plan

China has set a target for electric vehicles to make up 70% of new car sales under its next five-year plan, a major acceleration of its push to electrify the world's largest auto market. The goal would reshape global demand for batteries, raw materials and conventional vehicles.

Why now: China's EV target affects the global auto industry and energy markets, drawing wide attention.

Chinaelectric vehiclesInstitute for Energy Research

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