Electric vehicles will account for three out of five new cars on China’s roads by 2030, UBS forecasts

//Electric vehicles will account for three out of five new cars on China’s roads by 2030, UBS forecasts

Electric vehicles will account for three out of five new cars on China’s roads by 2030, UBS forecasts

The pace of electrification on China’s roads will accelerate, with three out of five new cars powered by battery packs by 2030, according to a forecast by UBS.The Swiss bank expects China to sell 6.6 million electric cars in 2025, about 25 per cent of all new cars, rising dramatically to 18 million, or 60 per cent, by 2030.The forecast is more optimistic than the goal set by the Chinese government for the world’s largest automotive market. Under Beijing’s plan, 20 per cent of…

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By | 2021-03-09T13:41:41+00:00 March 9th, 2021|Headlines|Comments Off on Electric vehicles will account for three out of five new cars on China’s roads by 2030, UBS forecasts