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Will EVs account for 50% of car sales in China by the end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official sales data from the China Association of Automobile Manufacturers or government reports
Story
China's Electric Vehicle Sales to Overtake Internal Combustion Cars in 2025, Surging from 1.3 Million to 13.4 Million
Dec 26, 2024, 12:35 PM
Electric vehicles (EVs) in China are projected to outsell cars with internal combustion engines for the first time in 2025, marking a pivotal shift in the automotive market. This forecast, reported by the Financial Times, indicates that China is set to achieve its official target of having EVs account for 50% of car sales by 2035 a decade earlier than planned. The surge in EV sales is expected to increase dramatically, from 1.3 million units in 2020 to 13.4 million in 2025. This development positions China years ahead of Western rivals in the transition to electric mobility, underscoring the growing dominance of EVs in the world's largest car market.
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