China automotive market forecast (PC+LCV)
Inovev forecasts a scenario of continuous increase in car registrations in China from 2021 to 2030. From a volume of 22.2 million units recorded in 2020 and 23.5 million in 2021, the Chinese market should gradually reach 28 million units in 2030, an average growth of 0.5 million per year for nine years. Total BEV+PHEV sales should grow even more strongly to reach a volume of 12.5 million units compared to 1.3 million in 2020 and 3.3 million in 2021. The sales volume of BEV+PHEV should represent 45% of the Chinese car market in 2030.
Contact us: info@inovev.com