Development of New-Energy Vehicles under the Carbon Peaking and Carbon Neutrality Strategy in China

China regards the development of new energy vehicles (NEVs) as an important breakthrough to achieve the periodic goals of carbon peaking and carbon neutrality. After decades of development, China's NEVs industry has made significant progress, especially in the past 20 years, where the industry has transformed from a follower to a leader. This article reviews the development background of NEVs in China and reflects the development status of NEVs in different periods of China. The development of NEVs in China was analyzed through data, reflecting the current development status and trends. Combined with the policy background of carbon peaking and carbon neutrality, the position of NEV industry in China's automobile submarket, domestic market, and international market is analyzed. Based on the analysis and discussion, the main issues faced by the development of NEVs in China were proposed, including the impact of subsidy policy withdrawal on car companies and consumers, the construction and development of infrastructure, the research and development of core technologies and components, and the construction of a clean energy system based on sustainable development. It is proposed that the future development direction of China's NEV industry can follow the directions of electrification, intelligence, lightweight, and sustainable development.