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EVs make up record 67% of new car sales in China
Electric vehicles made up a record 66.7% of new car sales in mainland China in the week ended June 7. The data came from China Passenger Car Association (CPCA).
New model launches and concerns about fuel costs lifted demand despite lower government support.
EV deliveries topped 152,000 units from June 1 to 7, up 8% from the same period a month earlier. The weekly share was slightly above May’s record 63% monthly new energy vehicle (NEV) retail penetration. The figures suggests the increase is part of a broader shift rather than a one-off spike.
The shift is happening as Beijing pares back incentives. Meanwhile, gasoline prices were US$0.99 per liter in May, above the long-run average of US$0.82.
The higher EV share also masks a weaker overall market. May passenger-car retail sales fell 20% year on year. NEV retail sales fell 5%.
🔗 Source: South China Morning Post
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