A Study on China’s Timetable for Phasing-out Traditional Internal-Combustion-Engine Vehicles (ICEVs)
China has been the world’s largest car market for a decade, with total sales reaching 30 million a year by 2018. Car ownership rates in China have exceeded 200 million. China’s oil consumption in 2018 was 625 million tons, among which vehicles accounted for 42% of the total consumption of crude oil and for more than 80% of refined oil. Indeed, the phase out of ICEVs would be a significant factor in reducing China’s total oil consumption.
In 2019, with the support of Oil-Cap Program and the US-based Natural Resource Defense Council, iCET published the first comprehensive report on the timetable for phasing out traditional ICE Vehicles. The report assesses the feasibility for phasing out China’s ICE vehicles, focusing on the benefits, uncertainties and risks associated with the transition. The end goal of the project is to propose a holistic plan for phasing out of China’s ICETVs in the near future.
As the largest New Energy Vehicle market, China’s rapid NEV development brings valuable experiences and lessons. Sharing these experiences with other developing countries to help promoting NEV in their own development process will be beneficial for global energy-saving and emission reduction.
Starting from June 2019, together with World Bank’s Transport Global Practice, iCET hosted a series of English-language “China E-Mobility Salon”. This quarterly Salon Series specifically concentrates on bringing China’s electrification experience to other developing countries. Engaging with relevant stakeholders in China and internationally, experts collaborate on a report on China’s transportation electrification experience and will disseminate the report to other countries.