China EV Sales Hit Record 61.4% as Oil Crisis Boosts Demand Despite Subsidy Cuts (xataka.com)

• Record 61.4% NEV share in China's car sales.
• Combustion engine sales down 37% YoY.
• Ormuz crisis fuels shift to electric vehicles.

"In April 2026, new energy vehicles (NEVs) accounted for 61.4% of all car sales in China, a record despite the withdrawal of state purchase subsidies. The surge is driven by the Ormuz crisis, which has spiked oil prices, making gasoline cars less attractive. Combustion engine car sales dropped 37% year-on-year. Chinese automakers like BYD are capitalizing by expanding exports, especially plug-in hybrids, which avoid EU tariffs."