China’s Ministry of Industry and Information Technology on Tuesday released its 15-year EV plan. The “draft development” plan sets a target for EVs to account for 25% of annual new light-vehicle sales by 2025 ­— with no targets specified beyond that year. That’s up from the 20% goal it set two years ago. But Beijing plans to continue phasing out consumer incentives. Instead, it will create EV quotas for carmakers to meet.
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