Analysis of the Current Situation and Strategies of Traditional Vehicle Transition to New Energy Vehicles in China

The global climate issue has become one of the most significant problems for the. world, demanding an urgent transition to a new, sustainable energy paradigm. As one of the slightly larger automobile markets in the world, China has begun to address the underlying issue proactively by hastening the transformation from conventional fuel vehicles to new energy vehicles (NEVs). Consequently, to this end, the Chinese government has rolled out a set of policies that include provisions such as financial subsidies, tax incentive plans, as well as the development of the charging infrastructure, which has effectively stimulated the sales growth and industrial upgrading of new energy vehicles. This paper will provide a comprehensive analysis of the current status and impact of policy implementation, while also discussing the challenges of transitioning, such as technological limitations, market resistance, and international competition, and formulating specific strategies that target these issues. These studies seek to be real-data-based and explain how to approach sustainable development in the new energy vehicle industry of China.