China's EV transition has split into four different transitions

A TFIE analysis finds China's transport electrification is uneven: city buses are essentially all electric and now entering a replacement cycle, electric cars passed half of new-car sales in 2025, electric heavy trucks reached about 29% share, while intercity coaches remain near 10%.

• Nearly 70% of China's 680,000+ electric buses were deployed before 2020
• BEVs accounted for just over half of China's new-car sales in 2025
• Electric heavy truck share reached ~29% in 2025, roughly double 2024
• Battery-electric coaches were only ~10% of coach sales despite growth