China's car trade-in subsidies drive NEV surge: report

NAMPA / Xinhua

2025-06-06

TIANJIN, June 6 (Xinhua) -- China's subsidies for car trade-ins are accelerating the adoption of new energy vehicles (NEVs), with monthly NEV penetration in the passenger car market expected to exceed 60 percent in 2025, according to an auto industry report released on Friday. The report, compiled by Automotive Data of China (Tianjin) Co., Ltd. and automobile information, trading and services platform Dongchedi, or DCar, noted that over 70 per......

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