China's EV sales surge in 2024; foreign automakers struggle in shifting market

Electric (EVs) and hybrid vehicles wait to be transported in a distribution center of Chinese state-owned automobile manufacturer Changan in southwest China's Chongqing municipality, Jan. 12, 2025.

A new industry report released Monday shows China made big strides last year toward an EV-driven future, as domestic sales of all types of electric vehicles rose by 40% in 2024. Sales of gasoline powered cars tumbled, including foreign imports.