INTERFOAM CHINA 2023

Jun.14-16, 2023

The transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs) is likewise intended to reduce the carbon footprint of the automotive industry and meet the 2060 carbon neutrality expectations.

Policies such as the New Energy Vehicle Industrial Development Plan 2021- 2035, which follows the Energy-Saving and New Energy Vehicle Industry Plan 2012-2020, are in place to create a globally competitive automotive industry through the creation of cutting-edge EV technologies, a charging service network, and battery electric vehicles (BEVs); as well as to improve national energy security and air quality, combat climate change, and promote high-growth industries.

SNIEC, SHANGHAI

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Additionally, the latest 14-year plan is intended to put China in a position to successfully meet future demand for autonomous, connected, electrified, and shared mobility, according to the International Council for Clean Transportation ( ICCT ).

The growing popularity of EVs, which includes fuel cell electric vehicles (FCEVs), plug-in hybrid electric vehicles (PHEVs) and BEVs, is evident.

Based on data from China Automobile Association of Manufacturers ( CAAM ), production of EVs in February 2023 increased by 18.1% year-on-year, while sales increased by 20.8% year-on-year.

To meet market demand, major automotive makers are also speeding up the rollout of EVs.

Leading manufacturer of EVs in China, Li Auto , delivered 20,823 vehicles in March 2023, an increase of 88.7% from the same month the previous year. According to Li Auto, it has captured nearly 20% of the RMB300,000 to RMB500,000 SUV market in China, establishing itself as a premium family SUV brand of choice.

Similarly, Guangzhou-based smart EV manufacturer XPeng intends to drive Smart EV transformation through technology and data in order to improve mobility experience, it said.

With strong sales, the company reported it delivered almost 7,000 Smart EVs in March 2023, a 17% increase over the previous month. In the first quarter of 2023, it delivered a total of 18,230 vehicles.

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Thus, though China has made notable progress in its clean energy transition, but it still faces some significant challenges.

Coal accounts for over 60% of electricity generation, and China continues to build new coal power plants domestically. At the same time, China has added more solar power capacity than any other country year-after-year. It is the second largest oil consumer in the world, but it also home to 70% of global manufacturing capacity for EV batteries.

At the same time, reaching China’s climate targets cannot rely solely on the rollout of renewables and EVs. It will need to involve solutions to tackle emissions from its huge existing fleet of fossil fuel-based power plants, steel mills, cement kilns and other industrial facilities. If the existing emissions-intensive energy infrastructure in China continues to operate in the same way as it does today, its CO2 output between now and 2060 would amount to onethird of the global carbon budget for limiting the global temperature rise to 1.5°C. This is aside from any new plants that may be built to meet growing demand, says the IEA.

China Roadmap , thus, sets out a pathway consistent with the enhanced ambitions that China announced last year in which CO2 emissions reach a peak before 2030 and carbon neutrality is achieved before 2060.

The main drivers of emissions reductions between now and 2030 in this pathway are energy efficiency improvements, expansion of renewables and a reduction in coal use.

Electricity generation from renewables, mainly wind and solar PV, increased seven-fold between 2020 and 2060, accounting for almost 80% of China’s power mix by then.

Industrial CO2 emissions are expected to decline by nearly 95% by 2060, with the role of emerging innovative technologies, such as hydrogen and carbon capture, growing strongly after 2030.

All these changes will boost China’s labour market, with more new jobs created in growing low-carbon energy technologies than are lost in declining fossil fuel industries.