Cui Dongshu: With the promotion of the "double new" subsidy, most areas are showing a strong growth trend in A0-level electric vehicles.
On May 6, the secretary-general of the China Passenger Car Association, Cui Dongshu, wrote that under the favorable environment of the national "two new" policy promoting domestic consumption of passenger cars, the retail sales of passenger cars in China from January to March 2025 increased by 6% compared to the same period last year, showing strong growth in February and March. Due to the impact of the Spring Festival, there were significant differences in the development of regional markets at the beginning of 2025, with the car market in the central and western regions booming before the Spring Festival, while the market share in the eastern region significantly rebounded after the Spring Festival, and the car markets in the northeast and northwest showed strong growth. With the promotion of the "two new" subsidies, A00-class cars in North China and Northeast China performed well, and most regions saw strong growth in A0-class electric cars. The core manifestation of policy fairness is that policy subsidies benefit economical electric cars the most, and subsidies encourage the development of small and micro electric cars, which is of great significance for popularizing electric cars.
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