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China Plug-In Car Sales Decreased In February 2024

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Roughly 440,000 new passenger plug-in electric cars were registered in China in February, 9% less than a year ago. That's about a third of the market.

February brought an expected weakening of plug-in electric car sales in China. The main reason behind that is the 2024 Chinese New Year holiday and that a year ago the holidays were in January. According to EV Volumes' data, shared by researcher Jose Pontes, roughly 440,000 new passenger plug-in electric cars were registered in China in February, 9% less than a year ago. Nonetheless, the market remains EV-hungry, as the rechargeable car's share amounted to 33%.

Considering the strong start of the year, 2024 should be even better, most likely above 10 million units. Model rank In February, the top three plug-in car nameplates in China were: the BYD Qin family with 27,851 units , the Tesla Model Y with 22,537 units, and the BYD Song family with 22,079 units . Just off the podium was the Aito M7 , an EREV SUV, with over 21,000 units sold.

 

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