China Sets New Benchmark: Over 60% of Cars Sold in April to be Electric or Plug-in Hybrids
China's new energy vehicle sales are expected to reach 860,000 units in April, marking a record 60.6% penetration rate, driven by the decline of internal combustion engine cars. The country's electric vehicle market is projected to close 2026 with an annual penetration rate near 60%.
China is on track to surpass the 60% threshold in monthly new energy vehicle penetration for the first time. The China Passenger Car Association estimates that retail sales of these vehicles will hit 860,000 units in April, a 60.6% penetration rate. Total passenger car sales in April are estimated at 1.42 million units, a 13.8% decline from March. The rise in electric and plug-in hybrid vehicles is driven by the quicker decline of internal combustion engine cars. The Auto China 2026 event in Beijing showcases 1,451 vehicles, with over 80% being new energy models. China's new energy vehicle sales are projected to be between 16 and 16.5 million units in 2026, nearing a 60% annual penetration rate.
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