| Summary: | Using authoritative data and calculation formulas, this paper reveals exactly the role of new energy vehicles (NEV) in the decrease of fleet average oil consumption (FAOC) of passenger vehicles in China. NEV is the reason for the gap among the accounted FAOC, the real FAOC of passenger vehicles and the FAOC of conventional energy vehicles (CEV). Specifically, the NEV multipliers result in the difference between the accounted FAOC and the real FAOC of passenger vehicles, while the low oil consumption and output of NEV result in the difference between the real FAOC of passenger vehicles and the FAOC of CEV. NEV is accelerating the reduction of the FAOC of passenger vehicles in China.
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