China's EV Surge: Xpeng and Nio CEOs Project 90% New Energy Vehicle Future by 2030
A massive shift is underway in China's auto industry as top electric vehicle executives are now predicting a near-total takeover by New Energy Vehicles (NEVs). Both Xpeng Chairman He Xiaopeng and Nio CEO William Li recently echoed a bold forecast: NEVs will account for over 90% of new car sales in China by 2030. This comes as the NEV retail penetration rate already hit a record 62.9% in May 2026, showcasing a rapid acceleration in consumer adoption.














