New Energy Vehicles Export Expo’s Post

Electric Vehicles Surpass 50% of Monthly Car Sales in China for the First Time In an unprecedented shift, more than half of all cars sold in China last month were electric, marking a significant milestone for the automotive industry. According to data from the China Passenger Car Association, new-energy vehicles (NEVs), including electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), accounted for a record-high 51.1% of retail sales in July. This surge in EV adoption is already making a noticeable impact on China's oil demand. The increase in the number of EVs on the road since last year has resulted in an approximate 4% reduction in transport fuel demand. Meanwhile, sales of traditional combustion-engine cars in China plummeted by a staggering 26% year-on-year, as the NEV share of the market grew by 15 percentage points in July 2023 alone. #electricvehicles #evs #EV

China doesn't slow down on EVs... BEVs & PHEVs reached a 50.7% share of the market in July and +37% year on year. (the title of the AutoNews article says hybrids but it's actually plug-in-hybrids as reported in the article). On 7 months fuel powered vehicles sales decreased by 15% at 6.57M while BEVs & PHEVs almost reached 5M sales, +34% against 2023 same period and a 43 % market share.

In July, for the first time ever, more new energy vehicles (NEVs - pure electric vehicles or plug-in hybrids) were sold in China than other types of passenger cars. 🚗 🚗 ⚡ ⚡ Just three years ago, the share of NEVs sold was a measely 7 percent. China has already been the largest automotive market in the world for over a decade. Now it is also the largest NEV market by far. Local Chinese companies, such as BYD, look set to dominate in their home market. The scale they build up in China will make them very competitive abroad as well. https://lnkd.in/ePX9uk_8.

China has the largest fleet of new energy passenger vehicles in the world, with 20.1 million plug-in cars on the road by the end of 2023, representing 6% of the total Chinese automobile stock, with all-electric cars accounting for 76% of the plug-in parc. The Chinese stock of NEVs represents almost half the global fleet of plug-in electric cars in use. Sales in 2023 totaled 7.4 million units with a market share of 30.2% of total new car registrations, the world´s largest sales volume that year. Other sources report a slightly higher uptake of 37%, with fully electrics accounting for 25% (see here: https://lnkd.in/emTKNiTm) https://lnkd.in/ed-8ijm9 #china #ev #electricvehiclesarethefuture #electricvehicles #electriccars #electromobility #emobility #emobilityrevolution #electriccar #movilidadelectrica #carroselectricos #vehiculoelectricos #electromovilidad

Hyundai Motor achieved a record profit of 4 trillion won in Q2 2024, driven by strong sales of premium SUVs and hybrids in the US. This success contrasts with a decline in the South Korean market. Looking ahead, Hyundai plans to expand its hybrid vehicle lineup to navigate potential shifts in US policies post-election. The company's strategic focus on hybrids reflects growing consumer demand and prepares for potential changes in electric vehicle regulations. https://lnkd.in/g_hAuPh7 #Hyundai #HybridVehicles #ElectricVehicles #EV #USMarket #AutomotiveIndustry #SustainableMobility #GreenTech #HyundaiMotor #IONIQ #SUV #AutoSales #InflationReductionAct #USAutoMarket #HybridGrowth #EVPolicy #KoreanAutomaker #Q22024 #RecordProfit #FutureCars

China Car Exports Hit Record High in April, as Local Sales Drop: … March, the China Passenger Car Association (CPCA) said. … the association, said.   Plug-in hybrids outselling EVs in China … plug-in hybrids (PHEVs). NEVs accounted for 43.5% of total car … automakers who have pioneered hybrid technologies lagged behind, capturing … #car #cars #awesome

New energy vehicles have surpassed traditional fuel-powered passenger cars in monthly sales in China In a significant milestone, new energy vehicles (NEVs) have surpassed traditional fuel-powered passenger cars in monthly sales for the first time in China. According to preliminary data from the China Passenger Car Association (CPCA), NEVs, which include battery-only and hybrid-powered cars, accounted for 50.84% of total passenger car sales in July. https://lnkd.in/dqfsfMWn This surge represents a 37% year-on-year increase and a 3% rise compared to June sales, according to CNBC. China, as the world’s largest car market, has see NEVs gain traction despite overall economic growth slowing down. The intense competition in the NEV category has even led to a price war among manufacturers. Notably, battery-only cars outsold hybrid vehicles in July, with a battery-only penetration rate of 28%, according to CNBC. https://lnkd.in/dpvRSHmB The Chinese government has been supporting the domestic NEV industry for over a decade through subsidies and favorable policies. Their latest trade-in policy aims to boost consumption by providing strong support to buyers of new energy cars. Additionally, at the city level, NEV owners enjoy unrestricted access to public roads, while gas-powered cars may have limited access during certain days of the week. However, NEVs have not experienced the same rapid adoption in the United States as they have in China. Despite this, the shift toward cleaner and more sustainable transportation is a positive trend globally, and it will be interesting to see how NEV adoption continues to evolve in both countries. Picture credit: motoraythority #nevs #ellectriccars #hybridcars #china #climatecrisis

𝐓𝐡𝐞 𝐰𝐨𝐫𝐥𝐝'𝐬 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐜𝐚𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐬𝐡𝐨𝐰𝐜𝐚𝐬𝐢𝐧𝐠 𝐢𝐭𝐬 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐚𝐦𝐛𝐢𝐭𝐢𝐨𝐧𝐬 𝐚𝐭 𝐭𝐡𝐞 𝐁𝐞𝐢𝐣𝐢𝐧𝐠 𝐀𝐮𝐭𝐨 𝐒𝐡𝐨𝐰. 🔥Chinese automakers are leading the charge with a record 117 new EV models unveiled. (Last year was 93) 🔥New Energy Vehicle (NEV) sales surpassed 50% of total car sales in China, highlighting the rapid shift towards electrification. 🔥#BYD & newcomer #Xiaomi are stealing the show with feature-rich models at competitive prices. 🔥Foreign automakers are adjusting. Major players like #GM and #Mercedes are focusing on EVs at the show, ditching traditional gasoline vehicles in some cases. 🔥ADAS are becoming a major selling point. Several Chinese automakers are partnering with tech giant #Huawei to leverage their cutting-edge ADAS technology. The future of mobility seems to be electric, AND #China is at the forefront of this transformation. ✔️ ___________________________________ 📌P.P.S.What are your thoughts on this trend? 📌P.S. Enjoy some highlights from #BeijingAutoShow

Electric Cars on the Rise (for now, abroad) In Norway, BEVs accounted for nearly all car sales in 2024 (89%), and in China, electric vehicle sales are expected to surpass those of internal combustion engine vehicles for the first time in 2025. Now, interesting news is also coming from the UK. Here, BEVs made up 25% of the overall market in 2024 (with a 58% growth over the year, driven by incentive policies and significant manufacturer discounts), solidifying the UK as the second-largest market in Europe for new BEVs by volume. (Source: UK Society of Motor Manufacturers and Traders) Read the news https://lnkd.in/d5hW7hih #ElectricVehicles #EVMarket #FutureOfMobility #BEV #GlobalTrends

Sharing some interesting news for Automotive Statistics. In Jul 2024, 1. China - New Energy Vehicles ( NEVs) - BEV, HEV & FCEVs crossed 50% mark first time. They could jump from 5% to 50% in just 3 years. Hope that this statistics is true. 2. India - CNG cars sale overtook Diesel cars first time. Equivalent NEVs, BEV & HEV figure is 4.9% here. If China can do, we also can. Need to plan how!