Experts say that China now holds 60% of the global market share in new energy vehicles, with sales reaching 592 million units

China has 60% of the global market share in new energy vehicles, with 592 million units sold

【PhoneAuto News】Recently, PhoneAuto noticed that Cui Dongshu, the secretary general of the China Passenger Car Association, once again released detailed data related to the current Chinese new energy vehicle market. From these data, it is not difficult to see that China’s new energy vehicle industry is developing rapidly. Interested netizens can learn more about it.

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Cui Dongshu stated that in 2023, the global trend of new energy vehicles is relatively stable. In the first four months of 2023, the sales volume of new energy vehicles reached 5.92 million units, of which hybrid vehicles reached 1.47 million units, accounting for approximately 25%. The trend of new energy passenger cars in the world after excluding ordinary hybrids is still strong.

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Affected by the high base and the gradual withdrawal of subsidy policies in various countries, the trend of new energy passenger cars in the world is relatively strong in 2023, reaching 3.54 million units in the first four months, a year-on-year increase of 38%. Commercial vehicles account for only 3% of the world’s new energy vehicles, and new energy passenger cars are the main body. In the first four months of 2023, China’s new energy passenger cars accounted for 60% of the world’s new energy vehicles. In 2023, China’s new energy vehicle exports will be super strong, which is also attributed to the strong domestic market and export double growth formed by China’s industrial chain.

At the same time, China’s share in the global pure electric vehicle market is relatively prominent. From 2017 to 2018, China occupied approximately 60% of the global pure electric vehicle market share, but then the share slightly decreased to around 48% in 2019-2020. Fortunately, in 2021, China’s pure electric vehicles have rebounded to a share of about 60%. In the first four months of 2023, China accounted for approximately 59% of the global pure electric vehicle market share, and the performance was relatively stable.

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