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The ICE Meltdown Continues — July’s China EV Sales Report (44% BEV Share)
High gas prices and a never-ending wave of new BEVs has allowed July to reach record EV market share, with plugins reaching a record 65%!
AI Summary
July’s EV market share hit a record 65% in China, driven by a sharp decline in internal‑combustion‑engine sales. Total vehicle sales fell 21% year‑over‑year to about 1.5 million units. Pure‑petrol models dropped 44% YoY, while hybrid electric vehicles fell only 4%. Plug‑in hybrids and extended‑range electric vehicles also declined, by 21% and 17% respectively. The surge in BEV adoption, combined with the ICE slump, pushed the overall market share to its highest level yet.
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