NEV sales in China seen topping 16m this year

Sales of new energy vehicles in China are expected to exceed 16 million units in 2025, as the market enters a stable growth phase with annual growth rates moderating, experts said.

Ouyang Minggao, an academician of the Chinese Academy of Sciences, said after rapid growth for several years, China's NEV market will enter a moderate growth stage, but the total number of NEVs plying China's streets is expected to soar to 100 to 160 million units by 2030.

Ouyang made the comments at the China EV 100 Forum 2025, which wrapped up on Sunday in Beijing.