On January 4th, according to GGII, driven by strong growth in the Chinese market, global sales of new energy vehicles are expected to exceed 17.5 million units by 2024; GGII predicts that global sales of new energy vehicles are expected to exceed 21 million units by 2025, and the global penetration rate of vehicle electrification will reach 23.2%. In 2024, the sales of new energy vehicles in China are expected to reach 12.85 million units, with an electrification penetration rate of 40.9%; By 2025, policies such as trade in, tax incentives, and car purchase subsidies are expected to continue, stimulating demand in the automotive market to maintain growth. Combined with the requirements of the Central Economic Work Conference to support the implementation of new energy vehicles in rural areas and the continuous promotion of the trade in policy, GGII predicts that the sales volume of new energy vehicles in China will reach 16.1 million by 2025, and the penetration rate of electrification is expected to exceed 50%.
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