Description
The indicator is published by the China Association of Automobile Manufacturers (CAAM). This indicator tracks the cumulative sales of new energy passenger vehicles, which include electric, plug-in hybrid, and fuel cell vehicles. It is used to gauge the development and adoption of new energy vehicles in China, reflecting the country's progress towards reducing carbon emissions and promoting sustainable transportation. Higher cumulative sales numbers indicate robust growth and adoption of NEVs, while lower numbers may suggest slower progress.
The accumulated value of NEV sales is calculated by summing up the total sales of new energy passenger cars over a specified period. This includes sales data for electric vehicles (EVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell vehicles (FCVs).
This data is updated monthly, providing the cumulative sales figures up to the end of the previous month.