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More than half of new cars sold in China are now electric or hybrid
KEY POINTS
- New energy vehicles have outsold traditional fuel-powered passenger cars on a monthly basis, topping 50% for the first time, according to China Passenger Car Association data for July.
- The reliability of the association’s data has been questioned in the past.
- In the U.S., the penetration rate of new energy vehicles in the first quarter was 18%, the U.S. Energy Information Association said.
- https://www.cnbc.com/2024/08/09/more-than-half-of-new-cars-sold-in-china-are-now-electric-or-hybrid.html
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