https://www.iea.org/reports/global-ev-outlook-2024/trends-in-electric-cars

EVs, Hybrids Set to Exceed 50% of China Car Sales for First Time

• This marks the first month the milestone has been achieved
• Auto market saw cooling off with July car sales falling 2%

Customers at the Zhejiang Leapmotor Technology Co. showroom in Hangzhou, China.

Photographer: Qilai Shen/Bloomberg

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By Bloomberg News

August 7, 2024 at 7:48 PM GMT+10

Electric vehicles and plug-in hybrids likely surpassed 50% of all vehicles sales in China for the first time, marking a milestone in the country’s auto market even as the overall number of cars sold fell.

Sales of electric and plug-in hybrid vehicles, which are counted under the category of new-energy vehicles in China, rose to 879,000 units, making up 50.8% of total sales in July. Overall new-vehicle sales dropped 2% to 1.73 million in July, according to preliminary figures

released Wednesday by the China Passenger Car Association.

https://www.bloomberg.com/news/articles/2024-08-07/evs-hybrids-set-to-exceed-50-of-china-car-sales-for-first-time