Ministry of Industry and Information Technology Vice Minister Xin Guobin: The proportion of new energy vehicle sales in China will increase from 5.4% in 2020 to 40.9% in 2024.

On September 9th, Deputy Minister of the Ministry of Industry and Information Technology, Xin Guobin, stated at a press conference held by the State Council Information Office that the output of new energy vehicles in China has increased from around 1.4 million in 2020 to around 13 million in 2024, with corresponding growth in sales. The market size has more than tripled, and the proportion of new energy vehicles sold has increased from 5.4% in 2020 to 40.9%.