On July 25, China's Auto Magazine published iCET's CAFC management and NEV credits analysis, following its independent WeChat release which attracted 672 viewers and echoed in various media platforms (Sohu cars, Phoenix cars, Tencent cars, RedDot cars, World Wide Web etc.).

The report highlights include: (1) NEV preferential counting overrides ICE vehicles' energy efficiency improvements; (2) Many companies failed to meet the annual target, possibly because of lack of enforcement mechanism; (3) Given the weighting of China’s fleet, FC reduction challenges increase; (4) The difficulty in meeting China's CAFC will increase, and reliance on NEV production may no longer suffice; (5) CAFC management should be decided and should include economic instrumentation, push and pull mechanism. See our release for more: