BEIJING (dpa-AFX) - The world's largest car market, China, is expected to grow only slightly in 2025. According to a Thursday statement, the China Passenger Car Association (PCA) expects retail car sales to grow by two percent in the current year. In 2024, sales increased by 5.5 percent, which is slightly more than previously announced based on preliminary data.
According to the PCA, sales of electric cars are expected to increase by 20 percent in 2025, following a rise of almost 41 percent last year. The Chinese authorities also include hybrid drives consisting of combustion engines and batteries, as well as alternative drives such as hydrogen, in the category of NEVs (new energy vehicles)./mis/stw/jha/