China NEV Share of New Car Sales Tops 60% for Third Straight Month

The headline milestone here is less the 61.6% share itself than the fact that NEVs have now held above 60% for three consecutive months, which suggests this is a structural plateau rather than a policy-driven spike. That matters for the whole downstream complex — battery supply chains, charging infrastructure, and the oil demand outlook — because the marginal Chinese buyer is now choosing electric by default. The open question is whether the year-on-year growth rates in both output and sales can hold as the base gets larger.