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Story summary
- China’s auto market recorded a 65.2% electric-vehicle share of 1.54 million cars sold last month.
- The 65.2% share eclipsed the prior 65.1% record set the month before.
- Petrol car sales fell 40% year-on-year while EV deliveries dropped 10.1% year-on-year.
- Rising fuel costs from the Iran war are prompting Chinese consumers to shun petrol vehicles.
- Zhao Zhen, sales director at Wan Zhuo Auto, expects higher EV penetration as range anxiety eases.
