According to a report on the website of the Financial Times on December 26, the sales volume of new energy vehicles in China is expected to exceed that of fuel - powered vehicles for the first time in 2025. This will be a historic turning point, enabling the world's largest automotive market to achieve this years ahead of its Western competitors.

The report stated that according to the latest estimates provided to the Financial Times by investment banks and research institutions, China will surpass international forecasts and previously set targets. It is estimated that the domestic sales volume of new energy vehicles (including battery - electric vehicles and plug - in hybrid electric vehicles) in 2025 will exceed 12 million units. This figure will be more than double the sales volume in 2022.

In the picture, on November 14, 2024, as a brand - new Voyah Zhuoyin rolled off the production line at the Voyah Yunfeng Factory in Wuhan, China's new energy vehicle production volume exceeded 10 million units for the first time in a year, marking a solid step forward for China from an automotive - large country to an automotive - powerful one. Meanwhile, the sales volume of traditional - powered vehicles in 2025 is expected to be less than 11 million units, nearly 30% lower than the sales volume in 2022. The report said that the sales growth in Europe and the United States is expected to slow down during the same period, reflecting the traditional automotive industry's reluctance to embrace new technologies, the uncertainty of government subsidies, and the rising protectionist sentiment. Robert Liu (transliterated), head of the Asia - Pacific renewable energy research department at Wood Mackenzie, said this milestone would demonstrate China's success in domestic technology development and in securing the global supply chain for key resources needed for electric vehicles and their batteries. Such an industrial scale means that manufacturing costs have been significantly reduced, and consumer - facing prices have declined. Robert Liu said, "They want everything to be electrified. In this regard, no other country can compare with China." The report said that although the growth of new energy vehicle sales in China is not as rapid as in the previous two years, the latest forecasts suggest that the goal set by the Beijing authorities in 2020 - that new energy vehicles will account for 50% of total vehicle sales by 2035 - will be achieved 10 years ahead of schedule. These industry forecasts were provided to the Financial Times by two investment banks, UBS Group and HSBC, and two research institutions, Morningstar and Wood Mackenzie.