China has reached one other milestone in its rising dominance regarding new vitality automobile (NEV) adoption. On 8 August 2024, the China Passenger Automotive Affiliation (CPCA) launched July gross sales knowledge for the Chinese language vehicle market. For the primary time ever, NEVs accounted for greater than half of all retail automotive gross sales: 51.1% complete market share, or 870,000 items. It has additionally registered the second-highest month-to-month gross sales for NEVs on document, crushed solely by the 947,000 items bought in December 2023. Nevertheless, this was adopted by two successive drops: to 670,000 items in January after which 390,000 items in February.
