ArenaEV.com ArenaEV.com

Facebook

Twitter

Instagram

RSS

Settings
Units
Power
Standard
Consumption
Currency

Log in

Login

I forgot my password
Sign up
ADVERTISEMENTS

China's plug-in vehicle market share reaches 35%

  • Post your comment

Max McDee, 17 July 2023

Misc

In the thrilling world of the Chinese automotive market, plug-in vehicles are quickly taking over the scene. To put it into perspective, China's plug-in vehicle sales shot up by an impressive 54% compared to the previous year. The previous month alone recorded a staggering 600,000 sales, giving a new dimension to China's vehicular landscape. Not surprisingly, the country accounted for a whopping 60% of global plug-in registrations last month.

Peeling back the layers, we can see a more detailed picture of the evolution of this market. Full electrics (BEVs) alone made up a significant 24% of all auto sales in China. With such tremendous growth, it's not far-fetched to assume that China's plug-in vehicle market share could go north of 40% by the end of the year.

BYD Qin is leading sales but it's a plug-in hybrid BYD Qin is leading sales but it's a plug-in hybrid

Undoubtedly, the trend is clear - China's plug-in market is booming, making it a critical factor in the global electric vehicle landscape. Even the figures reflect this narrative. The top sellers in May were dominated by plug-in vehicles, claiming six spots in the overall top 10. What is interesting to note here is that in other markets, one EV making it into the top 10 is cause for celebration. But in China, it's practically becoming the norm.

While various segments of the auto market are embracing electric, there's still work to be done. For instance, compact (C-segment) and full-size (E-segment) models need to accelerate their electric transition. In an interesting paradox, luxury ICE-based models from premium German brands continue to top the sales charts, seemingly undeterred by the EV wave.

Tesla is doing really well in China Tesla is doing really well in China

Now, let's talk about the big players in China's EV market. At the top of the list, we have the BYD Qin Plus, which experienced a sales rejuvenation after a recent refresh and a price cut. Another BYD model, the midsize SUV Song, is a strong contender in the market, with an impressive 37,610 registrations in May alone.

However, it's not all Chinese EVs in the game. Tesla's Model Y managed to garner 31,054 registrations last May. That's a remarkable result, considering it was an off-peak month. In this highly competitive landscape, Tesla is currently the only foreign original equipment manufacturer (OEM) that can keep up with the pace of domestic carmakers.

BYD dominates sales thanks to its huge portfolio of plug-in hybrids and BEVs BYD dominates sales thanks to its huge portfolio of plug-in hybrids and BEVs

Amid the continued sales dominance by BYD and Tesla, we can't overlook the impressive performance of GAC's Aion S sedan. Ending the month in the sixth position, it brings some color to the otherwise predictable BYD–Tesla supremacy in the top five.

As China continues to charge towards a future dominated by EVs, there's an evident price war within the market, not to mention the increasing competition. Yet, it's important to note that China's EV success story isn't just domestic. Models like BYD's Yuan Plus are making their mark in export markets as well.

This isn't just about China's thriving EV market - it's a preview of the world's vehicular future. With a significant market share and continual growth, China is powering the plug-in vehicle revolution, and the world is following suit - albeit from a distance.

Via

Related articles
  • Vivo's upcoming X Fold5 wants to tear down walls with new car integration Vivo's upcoming X Fold5 wants to tear down walls with new car integration
  • China's automakers sidestep EU tariffs, doubling market share China's automakers sidestep EU tariffs, doubling market share
  • China's EV market booms as North America hits the brakes China's EV market booms as North America hits the brakes
  • Charging EVs is most expensive in Germany, cheapest in Türkiye, EU study finds Charging EVs is most expensive in Germany, cheapest in Türkiye, EU study finds
  • Post your comment
Total reader comments: 0

  • Home
  • Compare
  • News
  • Terms
  • Reviews
  • About us
  • Tesla
  • Volkswagen
  • Audi
  • Porsche
  • BMW
  • Mercedes
  • Hyundai
  • Kia
  • Genesis
  • Renault
  • Nissan
  • Ford
  • Volvo
  • Polestar
  • Jaguar
  • Toyota
  • Mazda
  • Mini
  • MG
  • Vinfast
  • Lucid
  • Rivian
  • Cadillac
  • Chevrolet
  • GMC
  • Subaru
  • Nio
  • Xpeng
  • BYD
  • [..]

EV finder

ADVERTISEMENTS

Latest models

  • ModelXiaomi
    YU7 Max
  • ModelNissan
    Leaf 75kWh
  • ModelTesla
    Model S Plaid
  • ModelNissan
    Micra EV 52kWh
  • ModelTesla
    Model X Plaid
  • ModelGenesis
    GV60 Performance AWD

Featured

  • Comparison of NEDC, EPA and WLTP cycles Comparison of NEDC, EPA and WLTP cycles
  • Have electric cars gone power crazy? Have electric cars gone power crazy?
  • Polestar 3 edges Tesla Model 3 out in 24 vehicle winter range test Polestar 3 edges Tesla Model 3 out in 24 vehicle winter range test
  • Real-life test reveals how much range EVs lose in the cold Real-life test reveals how much range EVs lose in the cold
  • No, your 800V Hyundai or Kia doesn't charge at 350kW No, your 800V Hyundai or Kia doesn't charge at 350kW
ADVERTISEMENTS

Reviews

  • Mercedes EQS SUV 580 review Mercedes EQS SUV 580 review
  • Tesla Model S 75D 2018 used car review Tesla Model S 75D 2018 used car review
  • Which Skoda is better - Enyaq iV or Enyaq Coupe RS iV Which Skoda is better - Enyaq iV or Enyaq Coupe RS iV
  • Mini Cooper SE JCW review Mini Cooper SE JCW review

Home News Compare About us RSS feed Facebook Twitter Instagram

© 2022-2025 ArenaEV.com Mobile version EV Finder Glossary Privacy Terms of use

From the team behind
GSMArena.com