China's electric vehicle sales accounted for 65.2% last month, reaching a new historical high. The Iran war is driving the transition to electrification.
Data from the China Passenger Car Association (CPCA) shows that new energy vehicles (NEVs), including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), accounted for 65.2% of the 1.54 million cars sold in mainland China last month, reaching a new historical high and surpassing the previous month's record of 65.1%. Despite a generally sluggish automotive market, the Iran conflict has prompted consumers to shift from gasoline-powered cars to electric vehicles, driving this growth.
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