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The article states that the Chinese government will launch a long-term strategic plan through 2026 to promote the new energy vehicle sector, with the goal of reaching sales of up to 5 million units by the end of 2026. The plan includes offering incentives to buyers, developing electric vehicle charging infrastructure, and reducing production costs to encourage the transition toward electric and hybrid vehicles. China also aims to increase the market share of sustainable new vehicles, with forecasts indicating that electric vehicle sales will reach approximately 2.8 million units in 2026, representing an annual growth rate of around 12%. The plan clarifies that China’s objectives through these measures are to reduce dependence on oil fuels and lower emissions, promising extensive financial and technical support to stimulate sector growth and sustainability.
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