The China Association of Automobile Manufacturers (CAAM) has clarified a misinterpretation of its data regarding new energy vehicles (NEVs). Recent media reports suggested that the average age of NEVs is only 1.8 years and that consumers replace electric vehicles every 3-5 years, based on data from CAAM's "2025 China Auto Aftermarket Development Report." CAAM explained that the "average age of vehicles in use" refers to the average time since new NEVs were sold by the end of 2025, akin to a person's age, not their lifespan. This metric is distinct from the "vehicle replacement cycle" (average interval between purchases) and the "average service life" (time from sale to scrapping). AI
RANK_REASON Clarification of previously reported data, not a new announcement.
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