China’s Electric Vehicle Surge: 48% of 2024 Car Sales Were EVs
“China’s electric vehicle market soared in 2024, with 48% of car sales being EVs, driven by a 40% rise in new energy vehicle sales. Battery electric vehicles (BEVs) held a 25% share, while plug-in hybrids (PHEVs) surged. Government subsidies, competitive pricing, and exports fueled this growth, reshaping global markets.” China’s EV Market Dominates with Record-Breaking … Read more