In 2025, the world's largest automotive market could experience a major turning point. For the first time ever, electric cars will most likely represent a larger share of sales than thermal cars. Experts expect that 12 million 100% electric vehicles will be registered in the Middle Kingdom.
According to a recent report from Financial Timeselectric car registrations are expected to increase by 20% next year in China. Nearly 12 million clean automobiles could be sold in this country in 2025. At the same time, experts expect a drop of 10% for deliveries of thermal vehicles. If these forecasts are confirmed, vehicles equipped with an internal combustion engine will fall below the 11 million unit mark.
China is preparing to pass a symbolic milestone
You guessed it, electrics could therefore overtake thermals for the first time in terms of overall sales. A decisive turning point expected within the Middle Kingdom, which contrasts with the slowdown in sales in Western countries. Particularly in Europe. If it is necessary, this symbolic step would definitively confirm China's domination in the electrical field.
It must be said that all the ingredients are there for the market to explode. Beijing supports its industry with public subsidies and the large number of national players allows prices to be lowered. Most manufacturers even agree to cut their margins to establish themselves over time. It's a real price war that has been going on for several months in China. Some brands are also paying the price.
Chinese motorists have understood that it is in their interest to go electric. The price of raw materials has fallen so much that battery models sell for less than polluting vehicles. At least this is the case in China, where labor costs are particularly low. In Europe, brands are still struggling to reach this balance point. But some do everything to get closer.
The rest of your content after this announcement
The rest of your content after this announcement
