China’s New Energy Vehicle Sales Surge: Over 70% Share in Global Electric Vehicle Market
As of May 30, 2025, a report indicates that in the first four months of the year, the global sales of electric vehicles reached 3.026 million units, with China’s new energy vehicles accounting for 618,000 units, representing a growth rate of 20.4%. This rapid increase highlights a significant upward trend in the global new energy vehicle market.
Data shows that the market share of new energy vehicles in global vehicle sales has risen steadily. By the end of 2022, this share had reached 13%; in 2023, it increased to 16%; and projections for 2024 suggest it could rise further to 19.2%. By 2025, forecasts indicate that the market share of new energy vehicles in China could reach as high as 44%, significantly outpacing other countries.
In terms of comparative sales, Germany recorded a market share of 26%, while Sweden led with 81%. Other countries like the UK, France, and the US showed shares of 29%, 8.7%, and 2%, respectively. By April, global sales of new energy vehicles had reached 163,000 units, marking a 34% year-on-year increase. Notably, in April, the market share of new energy vehicles in China hit 70.2%, a remarkable three-percentage point increase compared to the same period last year.
In recent years, China has increasingly dominated the global new energy vehicle market, becoming a focal point for innovation and development in this sector. With the acceleration of new energy vehicle sales, it is clear that China has established itself as a leading player in the global automotive industry.
According to industry experts, this trend is likely to continue as manufacturers ramp up production and consumers increasingly opt for electric vehicles.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/chinas-new-energy-vehicle-sales-soar-capturing-over-70-of-global-market-growth/
