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China's Path to DecarbonizationElectric Vehicle Outlook
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Overview
Electric Vehicle Outlook
in China
During the first week of 2021,
three top players of Chinese new-generation electric vehicle manufacturers,
released their annual delivery results for 2020.
112.6%
Total
43,728
vehicles
112.0%
Total
27,041
vehicles
Delivery started
Dec 2019
Total
32,624
vehicles
Source: Publicly available press releases
Electric vehicles are a bigger emitter
in the manufacturing phase.
14746.1
(kg) Per Vehicle
Electric Vehicles - LFP
9172.5
(kg) Per Vehicle
ICE Vehicles
Source: Qiao, Q., Zhao, F., Liu, Z., Jiang, S., & Hao, H. (2017).Comparative Study on Life Cycle CO2 Emissions from the Production of Electric and Conventional Vehicles in China
Batteries are also the source of other sustainability risks.
60%
of the top 10 institutional investors behind NIO, Xpeng and LI Auto demonstrate considerations for sustainability.
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