OIES – China New Energy Vehicle (NEV) Update: A Slowdown and Shift to Battery-Electric Vehicles (BEVs)

This report analyzes recent trends in China's new energy vehicle (NEV) market, highlighting a slowdown in overall NEV adoption and a shift towards battery-electric vehicles (BEVs).

It details how China's EV adoption continues rapidly but with a significant slowdown towards the end of 2025, with a notable shift from plug-in hybrid electric vehicles (PHEVs) to BEVs driven by policies and increased battery production. Total NEV sales, including exports, grew to 16 million in 2025, with exports doubling to 2.6 million. Domestic NEV sales growth slowed modestly but still reached a 51% market share in 2025, with further slowing expected in 2026.