China reported an 89% yearly rise in new energy vehicle sales (NEVs, including plug-in hybrids and EVs), while gas cars saw a 13% yearly decline, according to the December 2022 report released by the China Passenger Car Association (CPCA) on Tuesday. NEVs’ 89% yearly growth rate is a slowdown from the 169% yearly growth rate in 2021. In December, BYD continued to lead the NEVs segment with 234,598 deliveries, Wuling followed with 85,632, and Tesla China followed with 55,796. Experts from the CPCA estimated that NEVs will reach 8.5 million in sales in 2023, taking a 36% share of new car purchases in China. [CPCA, in Chinese]
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