China's NEV Penetration Hits Historic 61.4% in April as ICE Sales Collapse (carnewschina.com)
0xBASE INTEL BRIEF
- NEV penetration reaches 61.4% in April 2026
- NEV sales up 45% year-on-year
- ICE sales down 28%
"In April 2026, new energy vehicles (NEVs) accounted for a record 61.4% of China's passenger car sales, while internal combustion engine (ICE) vehicle sales plummeted 28%. NEV sales rose 45% year-on-year to 950,000 units. The data reflects China's accelerating shift to electric mobility, driven by subsidies and lower battery costs."
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