Retail sales of passenger cars in China in 2025 increased by 3.9% – the slowest pace in three years, according to the China Passenger Car Association (CPCA). In 2024, sales growth was 5.3%.
Sales of electric vehicles and plug-in hybrids rose 17.6% last year after jumping 40.7% a year earlier. At the same time, annual sales of such vehicles in the country exceeded sales of traditional vehicles for the first time.
Car exports from China rose 19.4% last year to 5.79 million units. Exports of electric vehicles jumped 48.8% to 1.52 million units, the CPCA reported.
Domestic demand for new energy vehicles (NEVs) in China declined after subsidies for buyers were reduced or discontinued in many cities and provinces across the country.
According to the CPCA forecast, car sales in China will remain at 2025 levels in 2026, and the growth rate of electric vehicle exports will slow down.
