BEVs represent 28% of the Chinese market in 2025
- The market share of BEVs in China (passenger cars) reached 28% for the whole of this year, compared to 26% for the whole of 2024.
- BEV sales growth in China has been constant and steady since 2020, with their market share increasing from 21% in 2022 to 24% in 2023, 26% in 2024, and 28% in 2025. At this rate, this market share could represent 30% of the Chinese market by 2026, as no one expects BEV sales to accelerate in 2026 despite an increasingly wide range of offerings and a price war that makes BEVs cheaper to buy.
- At the same time, this price war could force some smaller BEV carmakers to throw in the towel and reduce their offerings to some extent. It is primarily the reduction in subsidies and other tax incentives that risks limiting the growth of BEV sales in China in 2026.
- Plug-in hybrid electric vehicles (PHEVs) appear to have halted their spectacular sales growth, as they accounted for 19% of the Chinese market in 2025, the same as in 2024, whereas 2024 had marked a clear take-off in PHEV sales compared to 2022 and 2023, with their market share not exceeding 11% of the Chinese market in 2023 and only 7% in 2022.
- Non-rechargeable hybrids (F-HEV) bring up the rear, with a market share of 4% in 2025, a slight increase compared to previous years which recorded a market share of 3%.