Sales of electric vehicles in China surged by more than 40% last year, while gasoline-powered car sales experienced a significant decline, according to industry data released on Monday. The China Association of Automobile Manufacturers reported that a total of 31.4 million vehicles, including buses and trucks, were sold in China in 2024, marking a 4.5% increase from the previous year. This growth in sales outpaced production, which rose by 3.7%.
China's exports of passenger cars also saw a notable increase, rising by almost 20% to nearly 5 million vehicles in 2024. Notably, exports of 'new energy vehicles,' which include pure battery electric vehicles (EVs), fuel-cell cars, and plug-in hybrids, reached 1.28 million units, marking a 6.7% increase from 2023.
