As the trend of growth in electric vehicles keeps booming, China’s plug-in electric car market also experienced remarkable growth, especially in the month of May. This is solidifying its position as a global leader in the electric vehicle (EV) industry. According to data from EV Volumes, an impressive 614,361 new passenger plug-in electric cars were registered in China during May, marking a staggering 54 per cent increase from the previous year.
BYD is clearly emerging at the top of the Electric Vehicle Industry, especially in China
What’s even more astounding is that plug-in electric cars now represent over a third of the total car market in the country. Rechargeable cars accounted for approximately 35 per cent of all new passenger car sales in May, surpassing the figures seen in Europe and the United States. China’s dominance in the global plug-in car market is undeniable. The nation contributed to a remarkable 60 per cent of the total global plug-in car registrations for the month of May alone.
The data also reveals that Battery Electric Vehicles (BEVs) are the preferred choice among Chinese consumers, outselling Plug-In Hybrid Electric Vehicles (PHEVs) by more than 2:1. In May, BEV sales exceeded 400,000, capturing a significant 24 percent share of the total market.
The year-to-date results further reinforce China’s EV prowess, with over 2.5 million new plug-in electric cars registered in the country so far. This accounts for approximately 35 percent of the total volume and represents an impressive 41 percent increase compared to the previous year. BYD, a Chinese automaker, emerged as the clear winner in the electric vehicle market. The BYD Qin Plus family of BEV and PHEV versions dominated the top-selling models list for May, followed closely by the BYD Song Plug plug-in family. Tesla’s Model Y ranked as the most popular all-electric car in the country.
BYD’s exceptional performance extended to the brand level, as it emerged as the most popular brand and automotive group in China’s EV market. With a share of 36.0 percent, BYD surpassed its competitors, including Tesla, GAC Aion, SAIC-GM-Wuling, and Li Auto.
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(Via)
