Powertrain_Body_Chasis&SafetyPowertrain, Body, Chassis & Safety

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Author: Julia An
Publication Date: Feb 14 2022
Pages: 38
 Report Type: Report, Word

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Powertrain, Body, Chassis and Safety

China's Dual Credit Policy - Winners and Losers in 2020



Report Summary:

China reported a CAFC deficit in 2020 of 7.45 million credits. Fortunately, it still generated a surplus of 3.27 million NEV credits. There was a lot of variation across the 2020 credit results for individual OEMs with only 44 OEMs reaching both credit targets. The winners in 2020 were those OEMs focusing on NEVs, such as BYD and Tesla while the big traditional Chinese and international OEMs such as VW, GM, Honda, and Toyota struggled to achieve dual credit compliance.
Table of Contents

1. Executive Summary
2. Introduction
3. Dual Credit Policy
   3.1 CAFC Credits
   3.2 NEV Credits
   3.3 Off-Cycle Technologies (OCT) Benefits
   3.4 Trading Mechanisms
   3.5 Impact on OEM xEV Planning
4. Historical Credit Results
   4.1 National Results
        4.1.1 CAFC Credits
        4.1.2 NEV Credits
        4.1.3 Trading of NEV Credits
   4.2 OEM Dual Credit Results in 2020
        4.2.1 Traditional Chinese OEMs
        4.2.2 Joint Ventures of International OEMs in China
        4.2.3 BEV Start-ups
5. Conclusions
6. Analyst Contacts
   6.1 Other Contacts

 

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