China at turning point: electrified vehicles dominate car sales for first time
May 13, 2025
Electrified cars have overtaken gasoline and diesel models in China’s vast passenger car market for the first time. In March, so-called new energy vehicles (NEVs), which include battery-electric and plug-in hybrid models, accounted for 51.1% of all retail car sales in the country. The milestone signals not just the rapid maturation of China’s electric vehicle […]