The stock of new energy vehicles in China is the world's largest, with cumulative sales of 5.5 million units through December 2020. These figures include passenger cars and heavy-duty commercial vehicles such buses and sanitation trucks, and only accounts for vehicles manufactured in the country. Of these, there were 4.9 million new energy vehicles in use at the end of 2020, accounting for 1.75% of all vehicles in circulation in China.The Chinese government uses the term new energy vehicles (NEVs) to designate plug-in electric vehicles eligible for public subsidies, and includes only battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and fuel cell electric vehicles (FCEV).Sales of new energy vehicles since 2011 passed the 500,000 unit milestone in March 2016, and the 1 million mark in early 2017, both, excluding imports. Cumulative sales of new energy passenger cars achieved the 500,000 unit milestone in September 2016, and 1 million by the end of 2017. Domestically produced passenger cars account for 96% of new energy car sales in China.As of December 2020, China had the largest stock of highway legal plug-in passenger cars with...