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To achieve carbon neutrality by 2060, the Chinese government has put effort into decarbonizing the transportation sector. Consequently, China elaborated a new energy vehicle strategy promoting the production of electric vehicles and expanding into hydrogen (H2) vehicle technologies including fuel cell electric vehicles and H2 internal combustion engine vehicles. The Transportation Energy Analysis Model (TEAM) projects the market penetration as well as energy demand and greenhouse gas emissions in China up to 2050. By integrating the Monte Carlo simulation, this study tests the robustness of TEAM and investigates the key parameters that will shape passenger vehicle sales and emissions in the future. The results show that fuel cell cost, H2 price, and battery cost are the most sensitive parameters for H2 vehicle technologies.

China's plug-in electric vehicle (PEV) market with stocks at 7.8 million is the world's largest in 2021, and it accounts for half of the global PEV growth in 2021. The PEV market in China has dramatically evolved since the pandemic in 2020: over 20% of all new PEV sales are from China by mid-2022. Recent features of PEV market dynamics, consumer acceptance, policies, and infrastructure have important implications for both the global energy market and manufacturing stakeholders. From the perspective of demand pull-supply push, this study analyzes China's PEV industry with a market dynamics framework by reviewing sales, product and brand, infrastructure, and government policies from the last few years and outlooking the development of the new government’s 14th Five-Year Plan (2021-2025).