Reported 2 days ago
In 2024, China's electric vehicle sales increased by over 40%, while gasoline car sales fell 17%, according to industry data. A total of 31.4 million vehicles were sold, driven by a 13.6% rise in passenger car sales in December and robust exports, particularly in new energy vehicles. The growth of Chinese EV manufacturers is causing concern among Western automakers, leading to increased tariffs on Chinese-made electric cars. This contrasting trend in China's EV market highlights the ongoing transition away from traditional fuel vehicles.
Source: YAHOO