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How will China's traditional car sales change in 2025 compared to 2024?
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Resolution / Starting Odds
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Official sales data released by the Chinese government or major automotive industry reports
Story
China's EV Sales to Surpass 12M by 2025, Overtaking 11M Traditional Cars Amid 20% YoY Increase
Jan 4, 2025, 03:13 PM
China is poised to lead the global transition to electric vehicles (EVs), with projections indicating that by 2025, EV sales will surpass fossil fuel-powered cars. A recent report from the UK-based Financial Times, supported by assessments from four investment banks, forecasts that China will sell approximately 12 million electric vehicles, marking a 20% year-over-year increase, while traditional car sales are expected to decline to below 11 million, a decrease of 10%. This shift is driven by the country's aggressive carbon reduction targets, which are expected to boost global demand for clean-energy vehicles. The momentum gained by China's new energy vehicle manufacturers in 2024 suggests that they are well-positioned to capitalize on this transformative trend in the auto industry.
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Similar markets
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12-13 million • 25%
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Tesla • 25%
Ford • 25%
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BYD • 25%
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