In June, the retail sales of Battery Electric Vehicles (BEVs) hit a whopping 493,000 units, marking a staggering 0.5% decrease from May. Meanwhile, Plug-in Hybrid Electric Vehicles (PHEVs) must have been in a party mood with 363,000 units flying off the shelves, celebrating a 17.4% increase since last month.
June proved to be quite the rollercoaster for China’s new energy vehicle (NEV) retail sales—as if we weren’t all looking for a good thrill. The total retail sales for passenger NEVs reached an impressive 856,000 units, second only to December’s jaw-dropping 947,347 units sold, reminding us all that Christmas and new cars go hand in hand.
The number showcases a 28.6% climb from last year, as well as a 6.4% increase since May—almost as if everyone decided they needed a fresh ride during summer break! However, not to rain on the parade, the figure fell short of the CPCA’s earlier forecasts of 864,000 units. So close, yet so far…
As for BEVs, they commanded a significant 57.6% of all NEV sales in June. That’s 493,000 electric dreams rolling off the lot. Although we’d like to pretend we’re all about the latest tech, BEV sales were still down 0.5% compared to May. Maybe a little too much “plugging in” led to a minor “unplugging.”
PHEVs, on the other hand, strutted their stuff proudly, being responsible for a noteworthy 42.4% of all NEV sales with 363,000 units sold. That’s a cool 67.2% increase from last year, proving yet again that if at first you don’t succeed at going fully electric, then maybe a hybrid is the next best thing. Right?
And just when you thought the news couldn’t get any angrier at gas prices, China’s total passenger vehicle sales in June reached a staggering 1,767,000 units. It’s like everyone woke up and decided to joyride—despite a 6.7% dip compared to last year. Always a silver lining when you can say, “Hey, at least it’s 3.2% more than last month!”
Now, hold onto your steering wheels—June’s NEV penetration hit a record 48.4%. That’s an impressive jump from 34.9% a year ago and up from 47% just last month. It seems like nearly half the drivers in China have decided it’s time to join the eco-friendly revolution. Or perhaps they just want to keep up with the neighbors.
Local brands dominated the stage with a jaw-dropping 72.5% penetration, leaving luxury brands in the dust at a mere 29.8%. I guess having a brand name doesn’t guarantee a hot ride in the NEV world. And in the delightful world of wholesale, NEVs snatched a record 45.3% of sales in June, showing manufacturers and dealers just how electrifying their products could truly be.
As for exports, June saw China sending 80,000 NEVs overseas, which is like the country saying, “Look, we can share the love.” That’s a 12.3% increase from last year—just don’t ask about the 15.2% drop from May. Perhaps they realized that international shipping isn’t as glamorous as it sounds?
Lastly, a little nugget of trivia: Tesla managed to sell 59,261 cars in China in June, which is a 7% increase from May. So if you’re looking for proof that electric cars are more than just toys for rich kids, look no further than the dashing statistics. The electric future seems to be – shockingly – here to stay!
