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China's EV Sales Set To Overtake Traditional Cars Years Ahead of West

"Electric vehicles are expected to outsell cars with internal combustion engines in China for the first time next year," reports the Financial Times, calling it "a historic inflection point that puts the world's biggest car market years ahead of western rivals." China is set to smash international ...

"Electric vehicles are expected to outsell cars with internal combustion engines in China for the first time next year," reports the Financial Times, calling it "a historic inflection point that puts the world's biggest car market years ahead of western rivals." China is set to smash international forecasts and Beijing's official targets with domestic EV sales — including pure battery and plug-in hybrids — growing about 20 per cent year on year to more than 12mn cars in 2025, according to the latest estimates supplied to the Financial Times by four investment banks and research groups. At the same time, sales of traditionally powered cars are expected to fall by more than 10 per cent next year to less than 11 million, reflecting a near 30 per cent plunge from 14.8 million in 2022... Robert Liew, director of Asia-Pacific renewables research at Wood Mackenzie, said China's EV milestone signalled its success in domestic technology development and securing global supply chains for critical resources needed for EVs and their batteries.

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