China Auto Market Hits Milestone With EVs, Hybrids Making Up Half of July Car Sales

August 08, 2024, 04.49 PM
Source: ReutersEditor: Wahyu T.Rahmawati

AUTOMOTIVE - BEIJING. Half of all vehicles sold in China in July were either new pure electric vehicles or plug-in hybrids, industry data showed, a milestone that underscores how far the world's biggest auto market has leapt ahead of Western counterparts in EV adoption.

Sales of so-called new energy vehicles (NEVs) jumped 37% last month from the same period a year earlier, accounting for a record 50.7% of car sales, data from the China Passenger Car Association showed.

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