Over 60% of Consumers Chose NEVs in 2024 Trade-In Activities, Boosting Domestic Market Penetration

National Development and Reform Commission (NDRC): Over 60% of Consumers Opted to Purchase NEVs in the 2024 Trade-In Activities

The State Council Information Office held a press conference as part of the "Achievements in China's High-Quality Economic Development" series, introducing relevant efforts to solidly advance high-quality development in 2024. Zhao Chenxin, Deputy Director of the National Development and Reform Commission (NDRC), stated that in the 2024 trade-in activities, over 60% of consumers opted to purchase NEVs, driving the domestic market penetration rate of passenger NEVs to exceed 50% for six consecutive months.