Plugin vehicles continue to be all the rage in the Chinese auto market. Despite the overall market being completely disrupted by Covid lockdowns , plugins scored over 260,000 registrations in April, upShare-wise, with April showing another great performance, plugin vehicles hit 29% market share! Full electrics alone accounted for 22% of the country’s auto sales! This pulled the 2022 share to 22% .
Another measure of the importance of this market is the fact that China alone represented over half of global plugin registrations last month.Looking at April best sellers, we should first celebrate the fact that for the first time ever, we had 5 plugin models in the overall top 10, as the Wuling Mini EV , BYD Song , BYD Qin Plus , BYD Han , and BYD Dolphin all ended inside the overall top 10.
Still nowhere near as good as Norway. When are we going to see 50% sales in the top five economies in the world?
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Beat The Market By Investing In Freedom – And Shunning Places Like Russia And ChinaI'm a reporter on Forbes' money team covering investing trends and Wall Street's difference-makers. I've reported on the world's billionaires for Forbes' wealth team and was previously an assistant editor covering money and markets. I graduated from Duke University in 2019, where I majored in math and was the sports editor for our student newspaper, The Chronicle. Send news tips to htuckerforbes.com. Home is where the heart is!!!!! Let's get it beating...
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