Home Business Record EV, hybrid sales help Chinese car market grow 5.3%
Business - Economy - January 9, 2025

Record EV, hybrid sales help Chinese car market grow 5.3%

Record EV, hybrid sales help Chinese car market grow 5.3%

Sales of EVs and plug-in hybrids, known collectively as new energy vehicles (NEVs), rose 40.7% to make up 47.2% of total car sales last year, closing in on a 50% milestone, buoyed by a programme likened to the 2009 US "cash-for-clunkers" stimulus.

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