Cui Dongshu: In October, the penetration rate of new energy in markets of all levels exceeded 50%
2026-11-12 17:12:26
According to CoinMeta, Cui Dongshu from the China Passenger Car Association stated that in October, the penetration rate of new energy vehicles in markets of all categories exceeded 50%. Among them, the penetration rate of new energy vehicles in microcars reached 100%, in A0 class small cars it was 91%, in C-class cars it was 73%, in B-class cars it was 69%, and the penetration rate in A-class cars also increased to 50%. The penetration rate of cars in China is only 254 units per thousand people, and the low cost of electrification has driven down car prices continuously. With the withdrawal of the car purchase tax exemption policy, some short-range models have been forced to raise their prices. It is expected that in 2026, the sales volume of A00 class electric vehicles will shrink significantly, the threshold for purchasing cars will increase, the size of the purchasing group will decrease, and there will be greater pressure on sales growth.
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Source:Jin10 Data
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