Automobile Industry under China's Carbon Peaking and Carbon Neutrality Goals: Challenges, Opportunities, and Coping Strategies

China has already committed to peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060 (referred to as the 30Greek ano teleia60 Target), which has brought both daunting challenges and great opportunities to the automobile industry in China. However, there is still a lack of comprehensive and in-depth studies on the challenges, paths, and strategies for reducing carbon emissions to fulfill the 30Greek ano teleia60 Target in automobile industries. Therefore, this paper proposes low-carbon development strategies for China's automobile industry. This study's method is to integrate the results from different literature to summarize the status, challenges, opportunities, and refine the coping strategies for carbon emission of the automobile industry. The results indicated that the paths for achieving the 30Greek ano teleia60 Target include joint carbon emission reduction by upstream and downstream enterprises inside the industry. It also needs cross-industry and cross-sector coordinated decarbonization outside the industry. Meanwhile, the low-carbon policy and regulation system should be established to provide a direct driving force and fundamental guarantee for the low-carbon development of China's automobile industry.

Automated summary

The study highlights the challenges and strategies for achieving carbon neutrality in the automotive industry, emphasizing the need for joint emission reduction and cross-sector coordination, as well as the importance of establishing a low-carbon policy and regulatory system.