By 2025, EVs alone are set to outsell ICE vehicles for the first time. According to forecasts from investment heavyweights like UBS, HSBC, Morningstar, and Wood Mackenzie, China’s EV sales are expected to hit 12 million units in 2024,

Electric vehicles are expected to outsell cars with internal combustion engines in China for the first time next year, in a historic inflection point that puts the world’s biggest car market years ahead of western rivals.

China “will add nearly twice as many EV sales next year as the rest of the world combined," predicts Rho Motion's Will Roberts.

China EV Sales. Tariffs of as much as 100% will block the expansion of EVs in the US market. In most cases, Chinese EVs are less expensive than those made in America. These lower-