According to EV Volumes' data, shared by researcher Jose Pontes, roughly 743,000 new passenger plug-in electric cars were registered in China in March, 29% more than a year ago. That's about 43% of the total market—a significant improvement compared to 34% a year ago.
All-electric car registrations increased by 16% year over year to roughly 476,000, representing about 28% of the country's total volume and 64% of all plug-ins.
The big thing is the fast growth of the plug-in hybrid segment, which expanded by 62% year-over-year to roughly 268,000.
Plug-in car registrations for the month (YOY change):
- BEVs (Battery Electric Vehicles): about *476,000 (up 16%) and 28% market share
- PHEVs (Plug-in Hybrid Vehicles): about *268,000 (up 62%) and 15% market share
- Total: 743,289 (up 29%) and 43% market share
The Chinese plug-in electric car market is not only the largest one in the world, but it also represents the majority of global plug-in car sales. The share of rechargeable cars in China in 2023 amounted to 37% (compared to 30% in 2022).
Source: CleanTechnica
