Thinking About China
Opinion

In Yet Another Sign of Economic Weakness, Sales of EVs in China Plummet

A sudden drop in EV sales in February means little in itself, but in context, it speaks to the economy’s fundamental troubles.
In Yet Another Sign of Economic Weakness, Sales of EVs in China Plummet
Workers check a finished vehicle on the production line for electric vehicle maker Zeekr in Ningbo, China, on May 29, 2025. Kevin Frayer/Getty Images
Milton Ezrati
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Commentary

In yet another sign of how reluctant Chinese consumers are to spend, sales of electric vehicles (EVs) crashed in February.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”