The electric vehicles (EV) market witnessed significant growth, due to the need for addressing future energy requirements. The need to attain sustainable transportation plays a significant role in driving the demand for electric vehicles. The EV market is coming up as an integral par t of the automotive industry, and it represents a pathway toward achieving energy efficiency, along with reduced emission of pollutants and other greenhouse gases. The increasing environmental concerns, coupled with favorable government initiatives, are the major factors driving this growth. The annual sales volume of the electric vehicles is projected to cross the 5 million units mark by the end of 2025, and it is expected to account for 15% of the overall vehicle sales by the end of 2025. The transformation of the automotive industry has its impact on the automakers, tire manufacturers, aftermarkets, and supply chain of the industry.

【中汽协：5 月新能源车销售8.2 万辆，同比减少23.5%，环比增长12.2%】6 月11 日，中国汽车工业协会发布5 月份汽车产销数据。新能源汽车2020 年5 月产销分别完成8.4 万辆和8.2 万辆，同比分别-25.8%和-23.5%，环比分别+3.5%和+12.2%；新能源车产销环比略有提升。累计来看，1-5 月份产销分别完成29.5 万辆和28.9 万辆，同比分别-39.7%和-38.7%。5 月份新能源乘用车产销量分别为7.5 万辆和7.4 万辆，同比分别-26.3%和-24.4%，环比分别+4.8%和+15.8%。5 月份新能源商用车产销量分别完成0.9 万辆和0.8 万辆，同比-21.1%和-13.7%，环比分别-6.5%和-13.7%。