China's NEV Vehicle Ownership Reaches 36.89 Million Units, PHEV Grows Faster Than BEV

Xpeng X9 is the best-selling MPV in China in June. (Doc. Xpeng Motors)

JAKARTA - China's new energy vehicle market (NEV) continues to show phenomenal growth, with total ownership reaching 36.89 million units by the end of June 2025. This figure represents 10.27 percent of total vehicle ownership in China, totaling 359 million units, a significant increase from 8.9 percent by the end of 2024.

The latest data released by China's Ministry of Public Security (MPS) today as reported by CnEVPost, Monday, July 14, shows that although the overall NEV growth is very strong, there is little shift in its internal composition. Pure electric vehicles (BEVs) still dominate with 25.54 million units, or 69.23 percent of the total NEV. However, this share decreased slightly compared to 70.34 percent by the end of 2024.

Interesting Shift: PHEV Unggungli BEV In Growth

This thin decrease in the BEV share indicates that plug-in hybrid (PHEV) vehicles experienced faster growth in the first half of this year. In China, NEV includes BEV, PHEV, and fuel cell vehicles.

"This shows an increasingly mature market and diversified choice for consumers," said an automotive industry analyst. "There may be factors such as charging convenience or travel distance that make PHEV an attractive option for some new buyers."

In the first six months of 2025, 5.62 million new NEVs were registered, an increase of 27.86 percent on an annual basis and accounted for 44.97 percent of all new vehicle registrations in China. China's total new vehicle registration reached 12.5 million units in the first half of 2025, up 0.68 percent from the same period in 2024.

NEV's rapid growth is in line with China's overall increase in the number of vehicles. China's NEV holdings have surpassed 10 million by the end of June 2022, passed 20 million by the end of 2023, and penetrated 30 million by the end of 2024.