New energy vehicle

A plug-in electric vehicle (PEV) is any motor vehicle that can be recharged from an external source of electricity, such as wall sockets, and the electricity stored in the rechargeable battery packs drives or contributes to drive the wheels. PEV is a subset of electric vehicles that includes all-electric or battery electric vehicles (BEVs), plug-in hybrid vehicles (PHEVs), and electric vehicle conversions of hybrid electric vehicles and conventional internal combustion engine vehicles. In China, plug-in electric vehicles are called new energy vehicles (NEVs).

Plug-in cars have several benefits compared to conventional internal combustion engine vehicles. They have lower operating and maintenance costs, and produce little or no local air pollution. They reduce dependence on petroleum and may reduce greenhouse gas emissions from the onboard source of power, depending on the fuel and technology used for electricity generation to charge the batteries. Plug-in hybrids capture most of these benefits when they are operating in all-electric mode. Despite their potential benefits, market penetration of plug-in electric vehicles has been slower than expected as adoption faces several hurdles and limitations. The stock of plug-in electric cars represented just 0.1% of the one billion cars on the world's roads by the end of 2015.

As of December 2016^[update], plug-in electric vehicles are more expensive than conventional vehicles and hybrid electric vehicles due to the additional cost of their lithium-ion battery packs. Other factors discouraging the adoption of electric cars are the lack of public and private recharging infrastructure and, in the case of all-electric vehicles, drivers' fear of the batteries running out of energy before reaching their destination due to the limited range of existing electric cars. Plug-in hybrids eliminate the problem of range anxiety associated to all-electric vehicles, because the combustion engine works as a backup when the batteries are depleted, giving PHEVs driving range comparable to other vehicles with gasoline tanks. Several national and local governments have established tax credits, subsidies, and other incentives to promote the introduction and adoption in the mass market of plug-in electric vehicles depending on their battery size and all-electric range.

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Wikipedia