China auto market hits milestone as EVs, hybrids make up half of July sales

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Half of all vehicles sold in China in July were either new pure electric vehicles or plug-in hybrids, demonstrating a leap over Western counterparts.

Half of all vehicles sold in China in July were either new pure electric vehicles or plug-in hybrids, industry data showed, a milestone that underscores how far the world's biggest auto market has leapt ahead of Western counterparts in EV adoption.� Sales of so-called new energy vehicles jumped 37% last month from the same period a year earlier, accounting for a record 50.7% of car sales, data from the China Passenger Car Association showed.

1%, extending declines for a fourth straight month with consumer confidence weak as the economy struggles to gain momentum amid a prolonged crisis in the property market.� Weakness in the auto market prompted China's state planning agency to announce in late July that cash subsidies for vehicle purchases would be doubled ? up to 20,000 yuan per purchase ? and would be retroactive to April when the subsidies were first introduced.

 

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