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China's electric car sales grow in 2024, as sales of gasoline cars plunge

  • Sales of all types of electric vehicles in China rose more than 40% in 2024, while sales of gasoline-powered automobiles plunged by 17% to 11.6 million.
  • A total of 31.4 million vehicles were sold in China in 2024, up 4.5% from the previous year, according to the China Association of Automobile Manufacturers.
  • China's exports of passenger cars increased almost 20% in 2024, reaching nearly 5 million vehicles, including 1.28 million new energy vehicles.
  • Foreign automakers like Volkswagen AG and Nissan Motor Corp face challenges due to sinking demand for fuel-powered cars in China.
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  • 53% of the sources lean Left
53% Left
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