China Lowers 2025 Auto Sales Target but Pushes EV Growth

China has set its 2025 vehicle sales target at 32.3 million Pips NYT, a notch below the industry forecast of 32.9 million. The lower figure suggests a more cautious outlook for the world's largest car market, where demand has been cooling in recent months.

Even so, the government is pressing ahead with an aggressive push into electric mobility. Officials aim to have 15.5 million new energy vehicles on the road by next year, targeting approximately 20 percent growth in the segment. Alongside the target, regulators are preparing tighter rules on advertising, road safety, and autonomous driving standards.

The message is clear: while overall growth may be slowing, China sees the future of its auto industry firmly in electrification and stricter oversight.