Sales of new energy vehicles (NEVs) have surged significantly, with the latest data indicating a robust growth in the sector. As per the announcement by the China Association of Automobile Manufacturers (CAAM) on June 3, 2025, NEV sales reached a remarkable 38.25 million units in May alone, reflecting a 15.28% increase compared to the previous year.
Specifically, the breakdown of sales figures is as follows:
- Battery electric vehicles (BEVs): 4.65 million units, up 15.2% year-on-year;
- Plug-in hybrid electric vehicles (PHEVs): 4.61 million units, a staggering 148% increase;
- Small electric vehicles: 3.35 million units, an impressive 230% rise;
- Fuel cell vehicles (FCVs): 4.09 million units, marking a 16.70% growth;
- Hybrid vehicles: 2.32 million units, up 13.10% year-on-year;
- Micro electric vehicles: 2.8 million units.
In the context of market dynamics, it is worth noting that the growth in NEV sales is attributed to various factors, including technological advancements and increased consumer demand. The Chinese government continues to implement supportive policies to encourage the production and adoption of NEVs.
Furthermore, the recent data indicates that the total sales of NEVs for May 2025 were 38.25 million units, with both the BEV and PHEV segments showing significant improvements. The CAAM’s report highlighted that the market for these vehicles is expanding rapidly, with a growing emphasis on sustainable transportation solutions.
In light of these developments, the CAAM is working on promoting comprehensive policies that facilitate the integration of NEVs into the mainstream automotive market. This includes enhancing infrastructure for charging and battery swapping, which are critical for supporting the growing fleet of electric vehicles.
Overall, the NEV market in China is poised for continued growth, driven by innovation, supportive policies, and increasing consumer interest in environmentally friendly transportation options.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/surge-in-new-energy-vehicle-sales-signals-strong-growth-in-chinas-green-electric-sector/
