Feb 25, 05:45 AM
New Energy Vehicle Fleet Surpasses 43.97 Million Units
#Automotive Industry#China EV Trade-In Subsidy Policy#EV Charging Infrastructure
[Market Data] By the end of 2025, the national fleet of new energy vehicles (NEVs) reached 43.97 million, accounting for 12.01% of the total vehicle population.
Key Insight: NEV Penetration Nears Half of All New Registrations
In 2025, 12.93 million new NEVs were newly registered, representing 49.38% of all newly registered vehicles—a year-over-year increase of 14.93%. Among these, battery electric vehicles (BEVs) totaled 30.22 million, making up 68.74% of the entire NEV fleet.
Industry Impact: Over 100 Cities Join the 'Million-Vehicle Club'
Nationwide, 103 cities now have vehicle populations exceeding one million units, an addition of 7 cities compared to 2024. Of these, 27 cities surpass three million vehicles, and 7 cities exceed five million, reflecting continuously rising urban motorization levels.