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China EV Market Faces 2026 Reset as EV Share Tops 60%, Exports Surge 120% and Domestic Car Sales Fall 20%
['Baburajan Kizhakedath', 'Baburajan Kizhakedath Is The Editor Of Greentechlead.Com. He Has Three Decades Of Experience In Tech Media.']
GreentechLead
The decline was considerably steeper for conventional cars, where sales fell about 30 percent, while electric car sales declined by less than 20 percent, IEA report said.
Worldwide electric car sales are forecast to rise around 10 percent to 23 million units in 2026, representing 29 percent of global car sales.
This export growth fully compensated for the decline in domestic electric car sales and helped limit the fall in overall Chinese vehicle production to around 6 percent, despite domestic vehicle sales dropping more than 20 percent.
Chinese EV Makers Gain Ground as Foreign Brands Lose ShareThe rise of domestic EV manufacturers is reshaping competitive positions inside China.
Electric car sales now exceed conventional car sales in the country, strengthening Chinese manufacturers that have built their businesses around EVs.