China’s fossil fuel vehicle ownership to peak in 2025 – CICC
China’s fossil fuel vehicle ownership to peak in 2025 – CICC

China’s fossil fuel vehicle ownership to peak in 2025 – CICC

 

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China's actual/expected conventional passenger vehicle ownership (red bar) and new energy passenger vehicle ownership (grey bar). Data and chart from China International Capital Corporation.

Given the acceleration of automobile electrification in China, the peak of China's conventional passenger vehicle ownership may come ten years earlier than market expected and could come as early as 2025, according to a research note for the China . . .

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