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China's NEV sales to top 3 million units by 2025

Source: Science and Technology Daily | Date: Nov. 30

  • According to previously announced "Made in China 2025" strategy, China's new-energy vehicle (NEV) sales are scheduled to top 1 million units by 2020 and exceed 3 million units by 2025.

  • Bolstered by supportive policies launched by both the central and local governments, the domestic NEV market has made significant achievements. The latest data shows that China's NEV market reported cumulative production output of 206,900 units over the first ten months of 2015, representing a year-on-year increase of 300%. Meanwhile, China's NEV sales jumped 2.9 times on an annual basis to 171,100 units between Jan. and Oct.

  • At the recently held Seminar of Experience Communication and Developing on China New Energy Automobile Promotion and Application, an industry expert said that China is expected to be on par with America by cumulative NEV sales by the end of 2015. The expert also predicted that China will boast the world's largest NEV sales by 2016.