The “New Energy Vehicles Industry Development Plan (2021-2035)”, launched on November 2nd, 2020, sets a target of an approximately 20% share for new energy vehicles (NEVs) in new vehicle sales by 2025. The annual market penetration rate of electric vehicles exceeds 13% in 2021, it’s therefore possible to achieve the 2025 target ahead of schedule. When China’s transport sector will reach peak carbon? Should China's 2025 market penetration target for electric vehicles be increased? If it is to be increased, what major obstacles will be encountered? Ang and Yating from REEI will discuss about these questions in this episode.