China’s passenger vehicle sales surged 16.5% in November, reaching 2.4 million units, driven by government subsidies for trading in old cars and upgrading to new models, particularly electric vehicles (EV). Sales of EVs jumped 50.5%, accounting for 52.3% of total vehicle sales, up from 40.4% last year. Buyers replacing outdated vehicles with electric cars can receive subsidies up to 20,000 RMB ($2,759), encouraging the shift. Trade-in incentives further boosted sales, with EV trade-ins receiving an additional 3,000 RMB ($414) over gasoline cars. The first 11 months saw a 4.7% rise in total sales, with EVs growing by 41.2%.