China raised its 2025 sales target for electrified cars as the government tries to spur an industry that’s showing signs of slowing down.
The country wants about 25% of new cars sold by 2025 to be electrified, according to a draft policy published by the Ministry of Industry and Information Technology on Tuesday. Its last roadmap on the industry announced in 2017 called for new energy vehicles -- all-electric, fuel-celled autos and plug-in hybrids -- to make up more than 20% of vehicle sales by 2025.
