On April 10, the China Passenger Car Association (CPCA) released data showing that in March 2025, the retail penetration rate of new energy vehicles (NEVs) in China's domestic passenger car market rose to 51.1%, an increase of 8.7% from the same period last year. This surge in NEV growth is attributed to factors such as vehicle scrapping and trade-in programs, as well as the exemption of new energy vehicle purchases from taxes.