Electric vehicles are facing significant challenges, including rising battery costs and high maintenance fees, with over 30% of new energy cars expected to face increased costs.
As of May 20, 2025, according to reports from the National Bureau of Statistics, the latest data indicates that by the end of 2024, the total number of pure electric vehicles in China is projected to reach 22.09 million, which accounts for a remarkable 70.34% of the total new energy vehicle market. However, the rapid growth of electric vehicles also faces the risk of ‘market saturation’, with concerns about the sustainability of this growth.
Recent reports from various automobile industry analysts indicate that there is a growing trend of consumers preferring electric vehicles over traditional fuel-powered cars. A large number of buyers have begun to express their preference for electric vehicles, indicating a shift in consumer sentiment. However, the actual usage of electric vehicles still falls short of expectations, particularly in regions with extreme weather conditions and higher speeds.
The China Automotive Technology and Research Center has emphasized the need for increased investment in battery technology and the expansion of charging infrastructure to support the growth of electric vehicles. Key recommendations include enhancing the convenience of charging stations and ensuring that electric vehicle technology meets consumer demands for efficiency and reliability.
Additionally, the automotive industry is encouraged to collaborate more closely with government regulators and stakeholders to create a favorable environment for electric vehicle adoption. This includes the development of policies that promote sustainable practices and reduce costs for consumers.
Overall, while the electric vehicle market shows promise, it also faces several hurdles that need to be addressed to ensure long-term success. The focus should be on enhancing battery technologies, building a robust charging network, and creating supportive policies that encourage the adoption of electric vehicles.
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