In a few weeks, with the assumption of donald trump in the presidency of the United States, will mark the beginning of a new stage in the relationship between Chinese automakers and the rest of the world. In this context, 2025 will not be another year in this battle.
Next year, sales of electric vehicles in China are expected to surpass those of traditional cars for the first time. In this way, Beijing is ahead of its time and takes the lead in the revolution of the cars electric, leaving its Western rivals behind.
According to calculations by the Financial Times, based on forecasts from four investment banks and research groups, sales of electric vehicles in China will increase by 20% to exceed 12 million units, more than double the 5.9 million in 2022 Meanwhile, traditional auto sales are expected to decline 10% to less than 11 million vehicles, a contraction of almost 30% from 2022.
November was a record month for electric vehicle sales with no less than 1.8 million units sold worldwide, according to a report by the sector research company, Rho Motion. China accounted for two-thirds of global sales.
The Chinese market once again surpassed its previous record set in October by just over 50,000 vehicles. “In total, 15.2 million electric vehicles have been sold worldwide so far this year, which represents a growth of 25% so far this year,” according to the consultant.
China has equipped more than 5,800 highway service areas with charging piles, representing 97 percent of the country’s total, according to that country’s Ministry of Transportation.
As of the end of November, China had installed 33,000 charging piles in highway service areas, which represents an increase of 12,000 units from the end of 2023, according to the Vice Minister of Transportation.,Li Yang, during a press conference.
Li noted that new energy vehicles (NEVs) accounted for 15.9 percent of highway traffic flow during this year’s National Day holiday, which ran from Oct. 1 to Oct. 7.
“The figure reveals that the adoption of electric vehicles in China has accelerated,” said Li, noting that he expects more electric cars to be on the road during the upcoming Spring Festival holiday.
Also in December, it was estimated that total passenger vehicle registrations in China could reach approximately 2.7 million units by December 2024, reflecting an annual growth of 14.8% and a monthly increase of 11.4% .
The end-of-year boom is summed up in one figure: 62,700 daily registrations in the first week of December. Therefore, the NEV market in China grew by 32.1% year-on-year and 10.6% month-on-month.
The market momentum, very different from the European situation, continued until the second week of this month. CPCA data highlights average daily sales of 83,000 units. Therefore, the increase amounted to 35.5% year-on-year and 16.5% compared to the previous month.
For the third week of December, the China Passenger Vehicle Association expects this upward trend to continue, with estimated daily retail sales of 91,400 units (+16.4% year-over-year and +19.8% month-over-month). .
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
