NEV Penetration Rate to Exceed 50% by 2030

According to data from the White Paper on the Development of China's New Energy Vehicle Industry (2023) jointly released by research institutions EVTank, Evie Economic Research Institute and China Battery Industry Research Institute, in 2022, global sales of new energy vehicles reached 10.824 million units, a year-on-year increase of 61.6. %. Looking ahead, EVTank predicts that the global sales of new energy vehicles will reach 25.422 million units in 2025 and 52.120 million units in 2030, and the penetration rate of new energy vehicles will continue to increase and exceed 50% by 2030.