According to QuestMobile, by March 2025, the number of active new energy vehicles in China is expected to exceed 30 million. As of May 21, 2025, data from 199IT shows that the current number of active new energy vehicles in the Chinese market has already surpassed 30 million, positioning it as the largest market globally.
By March 2025, the number of active electric cars is projected to increase by 5 million compared to the previous figures, with the SUV segment expected to see a rise of approximately 500,000 units and MPVs increasing by around 35,000 units. In terms of vehicle categories, the active number of pure electric vehicles is anticipated to reach 20 million, with plug-in hybrids at 760,000, and fuel cell vehicles at 240,000.
In 2019, the number of newly registered new energy vehicles was only 1.2 million, meaning that in just six years, there has been an impressive growth of over 8 times, driven by various factors. On one hand, the demand for new energy vehicles has surged, partly due to the high fuel prices making them more cost-effective. On the other hand, advancements in new energy vehicle technology continue to progress, alongside increased investment in charging infrastructure, which has further boosted consumer confidence.
Moreover, government support through a series of policies has also played a crucial role in the growth of the new energy vehicle sector. New energy vehicles now represent a vital component of the automotive industry in China, contributing significantly to sustainable transport and energy efficiency.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/chinas-new-energy-vehicle-market-set-to-exceed-30-million-units-by-march-2025/
