Since 2019，the global vehicle electrification process has been accelerating. The major countries have offered increasingly powerful supporting policies for both the supply and demand sides while multinationals all speed up their product release. Therefore，the global NEV industry has maintained rapid development. In China，NEV policy，standard and regulations keep improving，product technical level rising steadily，new technologies and new consumption modes are being applied，the sales volume has ranked first in the world for five consecutive years. However，the external negative factors as economic slowdown and COVID-19 are obvious，while many domestic problems are also still unsolved such as Chinese products lacking competitiveness，environment of consumption and using still badly requiring improvement etc. In 2019，Decline appeared in the China’s NEV market for the first time. Since the start of 2020，the market has still been trapped in depression. The book suggests China stimulate both consumption and innovation，draft precise polices and take targeted measures，consider both short-term and long-term. In the short term，China should focus on promoting consumption，stabilize the NEV market. In the long-term，China should improve top level design，optimize the policy environment and promote high-quality industrial development.