From CleanTechnica, with my charts below.
March signals the end of the low season in the Chinese EV market — due to the timing of the New Year celebrations. This year, plugins scored almost a million units in the last month of the quarter (in a 1.9-million-unit overall market). They had a 39% growth rate, a positive outcome in a total market that expanded 12% YoY, especially considering that ICE sales dropped some 76,000 units YoY in March.
ICE deliveries down, EV deliveries up — looking good….
Digging deeper into the numbers, BEVs were the fastest growing technology, going up by 51% to 646,000 units, while PHEVs grew 25% and EREVs grew 4%.
This pulls the year-to-date (YTD) tally to over 2.4 million units. So, we should see plugins end the year well above 10 million units. In China alone….
Share-wise, March saw plugin vehicles cross the 50% market share threshold, reaching 52%! Full electrics (BEVs) alone accounted for 34% of the country’s auto sales, while PHEVs had 27% share and EREVs 8%, making BEVs the best selling powertrain in China, above petrol vehicles and HEVs
This good result in March pulled the 2025 share up by three percentage points, to 48%. BEVs alone also jumped by 3% share, to 30%. Expect to see plugins above 50% and BEVs at around 33% in the first half of the year.
(Could China finish the year above 60%?)[At the current growth rate, yes!]
10 million plug-ins sold to December 2024. And another 10 million this year. It took 15 years to get to total cumulative sales of 10 million, and will take just one more year to get to 20! The energy transition is really speeding up. Note that these data do not include exports, which are growing even faster.
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