In 2019 the government closed half of the donations and investment in the sector, which led to the drop in sales. In the first months of 2020still grew from 4.5% to 4.7%, but the statistics of sales dropped from 26,8 million to 24,5 million.
This tendency was fuelled by the Covid-19 pandemic. China Association of Automobile Manufacturers presented the statistics, that show the basic trends in the car sales in China in February 2020. There was a 79% drop in comparison to the same time last year. The specialist agree, that the sector is resilient and flexible enough to mitigate the losses, thanks to the rapid economical growth of China.
Mordor Intelligence estimates, that the sector of electromobility is going to grow since 2020 to 2025 (25% CAGR). More than 30 cities implemented the programs of changing the vehicles to the electric types, most notably Changzhou, Zhuhai, Dongguan, Foshan and Zhongshan as well as Nankin, Hangzhou, Shaanxi and Shandong.