Core Viewpoint - The National Development and Reform Commission (NDRC) projects that by 2024, the number of electric vehicles in China will reach 31.4 million, representing a more than fivefold increase from 4.92 million at the end of the 13th Five-Year Plan period [1] Industry Summary - The electric vehicle ownership in China is expected to grow significantly, indicating a strong shift towards sustainable transportation solutions [1] - The growth forecast reflects the government's commitment to high-quality completion of the 14th Five-Year Plan, emphasizing the importance of the new energy vehicle sector in national development [1]