In a groundbreaking achievement, China secured its dominance in global new energy car sales, with new energy passenger cars accounting for nearly two-thirds of the world’s total sales in 2023, according to data from the China Passenger Car Association.
Striking Sales Figures
A staggering 8.87 million units of new energy vehicles (NEVs) were sold in China in 2023, marking a remarkable 37 percent increase from the previous year. This impressive figure constituted a substantial 63.5 percent share of global new energy car sales.
Accelerated Growth and Green Development
China’s NEV market has experienced robust expansion, driven by the country’s accelerated push for green development and the rapid growth of its auto market. The penetration rate of NEVs in China, representing the proportion of these vehicles in all car sales, reached nearly 30 percent in 2023.
Electric Passenger Cars Lead the Charge
Within China’s NEV market, electric passenger cars took the lead, constituting an impressive 69 percent of total sales, while plug-in hybrids secured a significant 31 percent share.
Global Impact and Exponential Exports
The popularity of Chinese NEVs extends beyond domestic borders, with strong sales growth witnessed in Southeast Asian and European markets. Remarkably, China’s NEV exports experienced a substantial 77.6 percent year-on-year surge in 2023, reaching 1.2 million units.
China’s remarkable strides in the new energy car sector underscore its commitment to green initiatives and position it as a global leader in the rapidly evolving landscape of sustainable transportation.
Source：chinadaily.com.cn
