China exceeds expectations, and electrified car sales are expected to surpass combustion models by 2025 (Kampus – Freepik)
The electrified car market in China is growing rapidly and is expected to surpass combustion vehicle sales by 2025, ten years earlier than planned.
The original target, set in 2020, expected this to happen only in 2035. Projections indicate that by 2025, 12 million electric and plug-in hybrid cars will be sold, while gasoline models will experience a drop to less than 11 million units. The rapid growth of EVs is pushing the Chinese government to revise its sector targets.
By 2034, it is expected that electrified car sales in China will reach 18 million units annually, while combustion vehicles will drop to just 2.9 million. However, the sector faces challenges such as an oversupply, fierce competition between manufacturers, and a price war. These factors are expected to lead to the disappearance of some brands over the years, despite the market currently being saturated with automakers.
The impact of this growth is already being felt internationally, where Chinese electrified vehicle brands are gaining ground. Analysts highlight that, despite the difficulties, the trajectory of the EV market in China is unwavering, solidifying the country as a global leader in the transition to more sustainable mobility.
Source: Quatro Rodas | Photo: Kampus – Freepik | This content was created with the help of AI and reviewed by the editorial team
