NEVs to make up 30% of new car sales in 2025
3 years, 1 month ago

NEVs to make up 30% of new car sales in 2025

China Daily  

Staff members work on the production line of new energy vehicle at an automobile company in Liuzhou, South China's Guangxi Zhuang autonomous region, on Aug 12, 2021. Electric cars and plug-in hybrids are expected to account for 30 percent of new vehicle sales in China in 2025, according to Zhang Yongwei, a chief expert at Chinese auto think tank EV 100. The new energy vehicle sector is China, the world's largest vehicle market, is growing faster than expected, said Zhang in a recent interview with the Beijing News. Deliveries of new energy vehicles soared 141.1 percent in October to 320,000 units, around 20 percent of total vehicle sales in the month, according to statistics from the China Passenger Car Association. Zhang said electric cars and plug-in hybrids would account for 50 percent of new vehicle sales in the country by 2030, which is 10 percentage point higher than China's latest goal.

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