Electric vehicles are expected to outsell cars with internal combustion engines in China for the first time next year, in a historic inflection point that puts the world’s biggest car market years ahead of western rivals.

By 2025, EVs alone are set to outsell ICE vehicles for the first time. According to forecasts from investment heavyweights like UBS, HSBC, Morningstar, and Wood Mackenzie, China’s EV sales are expected to hit 12 million units in 2024,

The EV bust, despite fears, didn’t happen this year. Throughout the year, automakers scaled back their EV plans, blaming lackluster customer demand. Even Tesla, the market leader in battery electric vehicles,

China EV Sales. Tariffs of as much as 100% will block the expansion of EVs in the US market. In most cases, Chinese EVs are less expensive than those made in America. These lower-