Ministry of Communications: In 2020, all fuel buses will be deactivated, releasing the million new energy vehicle market!

Recently, the Ministry of Communications officially issued a notice: at the end of 2020, all major city fuel buses will be replaced with new energy vehicles. This is a great benefit for both new energy vehicles and low-speed electric vehicles. At the same time, the bus will be fully electrified, and a large number of fuel buses will be eliminated. The new energy vehicle market capacity may exceed one million.
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Public sector transportation, full electrification in 2020
Recently, the 10 ministries and commissions such as the National Development and Reform Commission, the Central Propaganda Department, and the Ministry of Science and Technology jointly formulated the “Guiding Opinions on Promoting Green Consumption”, requiring that the official vehicles and public transportation systems be basically fully electrified after 2020.
The Ministry of Communications noticed that in 2020, the transportation industry should achieve the set goal of “the successful completion of the task of tackling the traffic pollution prevention and control”. Promote the use of new energy vehicles. By the end of 2020, buses in municipalities directly under the central government, provincial capital cities, and planned urban areas will be replaced with new energy vehicles.

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Motorized by bus, driving millions of market capacity
The replacement of fuel buses with new energy vehicles will lead to a huge demand market, which means that new energy vehicles are gradually becoming popular. Including the market generated by the fuel vehicles to be phased out and the new energy vehicle market, the scale will exceed one million.

China's promotion of new energy vehicles is increasing. According to public data, at present, there are about 250 million people who choose to travel by bus every day in the country. The cumulative use of new energy vehicles in the whole industry has exceeded 300,000. There is still a big market gap for 1 million vehicles, which will be a great opportunity for new energy vehicles.
In addition to the public sector, countries in the field of logistics and transportation, and private vehicles are also promoting new energy vehicles. In the future, the huge demand market for new energy vehicles will break out.
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