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23 Mar
13:32

NEVs, hybrids to account for 80% of China’s new sales by 2035: WoodMac

China’s new energy vehicles (NEV) and hybrid electric vehicles (HEV) sales are set to surpass 80% of the country’s total new sales market by 2035, when the Asian giant plans to phase out internal combustion engines (ICE) new sales. Wood Mackenzie analysts forecast on Tuesday that sales of NEVs and HEVs will increase at least 15-fold by 2035. Last year, NEVs accounted for 6% of China’s new cars – of which 5% was battery electric vehicles an…
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