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China is drafting new policies and speeding up the implementation of existing policies on developing new energy vehicles, government officials said at the International Forum on Chinese Automobile Industry Development held in Tianjin over the weekend, the Shanghai Securities News reported Monday.
Promoting the development of electric vehicles industry has been a top priority, the report said.
The National Development and Reform Commission, China's top economic planner, has included key parts of new energy cars as the encouraged products in the Guiding Catalogue for Structural Adjustment of Industry (2010).
Ministry of Industry and Information Technology is working with other departments to revise the Policy on Development of Automotive Industry (2004), and the development plan for energy-saving and new energy vehicles (2011-2020) will take shape in two months.
The Ministry of Commerce is also working on guiding the exports of Chinese cars and auto parts as well as encouraging automakers to introduce advanced facilities, technologies and auto parts.
Government officials said at the forum that China aims to become a leading power in the auto industry by 2020, with the export volume of China-manufactured cars and auto parts accounting for over 10 percent of the world's total and new energy vehicles ownership reaching 5 million, according to the report.