ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
An electric vehicle is on display at the International Automobile Industry Exhibition in Shanghai in April. (Photo by Akira Kodaka)
Business

China to spur global surge in sales of electric vehicles by 2025

Focus on 'new energy vehicles' could supercharge electric car market

Nikkei staff writer RYOSUKE EGUCHI | China

TOKYO -- With China planning to impose a deadline to end production and sales of gasoline and diesel vehicles and focus on "new energy vehicles," 2025 could be a watershed year for global sales of electric cars.

In April, China released a plan for its auto industry to increase sales of new energy vehicles(NEV) -- mainly electric cars(EV) and plug-in hybrids(PHV) -- from 500,000 last year to 7 million in 2025, nearly double the previous target.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more