Oil Cap Report: China is Expected to Peak Vehicle Fuel Consumption around 2023


On June 30, China Oil Cap Project released four research reports, with a focus on the timetable to phase out China’s traditional ICE (internal combustion engine) vehicles and the pathway to an all-EV scenario. According to the reports, traditional ICE vehicles will be gone in the new car market in China by 2050 and only 5% of ICE vehicles will be left in the existing market. Publics sector ICE vehicles, including buses, taxis and vehicle share (transportation network company vehicles and car share system), will be phased out first, followed by government vehicles, private vehicles and trucks. The reports estimated that China is expected to peak vehicle fuel consumption around 2023. The four research reports were delivered through a collaboration between NRDC, China EV100, Innovation Center for Energy and Transportation (iCET), Institute for Transportation & Development Policy (ITDP) and Lawrence Berkeley National Laboratory (LBNL). Over 100 participants attended the report release event, and the report findings are widely covered by media, including Xinhua and Caixin.