China’s retail sales of new-energy vehicles are set to expand at a slower pace this year as government-backed trade-in subsidies are gradually phased out, removing a key pillar of support for the world’s biggest auto market.
Combined sales of pure-electric vehicles and plug-in hybrids may rise about 10% this year, China’s Passenger Car Association said Friday. That follows 18% growth in 2025, which fell just short of the group’s prediction of 20%, it said.
