25% of new car sales in China were fully electric in 2023 for the first time ever
Electric vehicles sales in China, the world’s largest automotive market, are surging. All plugin models accounted for 37% of the market in 2023, up from just 6% at the end of 2021. Full electrics (BEVs) alone accounted for 25%. Plugins are expected to cross the 50% mark for plugins and electric by 2026, with BEVs likely to account for over a third of sales, if current trends persist.
25% of new car sales in China were fully electric in 2023 for the first time ever Read more