2025 Passenger Vehicle CAFC and NEV Credit Results Announced

[Policy Regulation] The 2025 compliance results for China's passenger vehicle corporate average fuel consumption (CAFC) and new energy vehicle (NEV) credit program have been released, with 48 enterprises failing to meet the requirements.

Key Data: Nearly Half of Imported Vehicle Manufacturers Drag Down Overall Fuel Efficiency Performance

A total of 108 passenger vehicle enterprises produced or imported 24.629 million new vehicles, achieving an industry-average fuel consumption of 3.38 liters per 100 kilometers. Among them, 87 domestic automakers performed well, with an average fuel consumption of just 3.30 liters per 100 kilometers; in contrast, 21 imported vehicle manufacturers recorded a significantly higher average fuel consumption of 7.62 liters per 100 kilometers, substantially increasing overall emissions levels.

Industry Impact: 48 Enterprises Face Compliance Pressure

The assessment shows that 48 enterprises failed to simultaneously satisfy both the fuel consumption and NEV credit requirements, potentially facing regulatory actions such as suspension of high-fuel-consumption model approvals and penalties related to credit trading. The industry generated a surplus of 21,940,000 NEV positive credits, yet still carried a deficit of 1,599,000 negative credits, highlighting structural imbalances.