China's electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive.

Sales of all types of electric vehicles rose more than 40% in China last year while those of gasoline-powered automobiles plunged.

Electric car sales rose by 25 per cent globally last year, surging in China but slowing in Europe, according to figures published Tuesday by the British consultancy Rho Motion. A record 17.1 million battery electric vehicles (excluding plug-in hybrids) were sold last year across the world, according to figures compiled by the firm.

SALES of all types of electric vehicles rose more than 40 per cent in China last year, while those of petrol-powered cars plunged, industry data showed today.

Sales of electric and hybrid vehicles jumped more than 40 percent in China last year, as demand for new energy models continues to surge and the sector remains entrenched in a gruelling price war.

Global sales of fully electric and plug-in hybrid vehicles rose by a quarter last year to over 17 million cars, helped by a fourth consecutive month of record sales in December as China continued to grow and Europe stabilised,

Global EV and plug-in electric vehicle (PHEV) sales hit records in 2024 as booming growth in China and other parts of the world made up for weakness in Europe.