Tag: New Energy Vehicles

Shanghai Extends Free EV License Plates for Another Year
EV & Electric Cars, News

Shanghai Extends Free EV License Plates for Another Year

Shanghai will continue offering free license plates to electric vehicle (EV) owners in the city through December 31, 2026. The policy aims to boost adoption of new energy vehicles and supports companies like Tesla and Nio.Key TakeawaysThe free license plate offer extends for another year in Shanghai.<New Energy Vehicles (NEVs) made up 60.75% of all vehicle registrations from January to November.PHEV owners won't qualify for the program starting next year, focusing on battery electric vehicles and extended-range EVs exclusively.Shanghai's decision underscores its commitment to fostering a green automotive industry by encouraging more people to buy BEVs. The city has been leading in NEV adoption with strong support from local authorities.In 2025, the number of registered vehicles rose by ...
China’s Auto Sales Projected to Exceed 34 Million Units in 2025, NEVs Leading the Charge
Industry & Business, News

China’s Auto Sales Projected to Exceed 34 Million Units in 2025, NEVs Leading the Charge

China is projected to see its auto sales exceed 34 million units by the end of 2025, with new energy vehicle (NEV) sales expected to reach a record high of 16 million units. According to Chen Xu, deputy secretary-general of China Association of Automobile Manufacturers (CAAM), this growth will be accompanied by a significant rise in auto exports, surpassing 6.8 million units.Key TakeawaysNew energy vehicle sales expected to reach 16 million units in 2025.Total auto sales projected to grow by 8.28% from last year's figures.A significant increase of 16.24% is anticipated for auto exports this year.Chen Xu, deputy secretary-general of CAAM, highlighted that the growth in NEV sales will lead China's overall vehicle market expansion. The projected rise in NEVs reflects a trend towards greener t...