Retail sales of internal combustion engine (ICE) vehicles plunged by 41% to 510,000 units last month, while sales of new energy vehicles (NEVs) declined by 4% to 951,000 units. The NEV decline included a 6% decline in battery electric vehicle (BEV) sales to 647,000 units, a 21% fall in plug-in hybrid vehicle (PHEV) sales to 219,000 units, and a 16% drop in extended-range electric vehicle (EREV) sales to 85,000 units. All major segments declined, including NEV sales which fell by 16% to 5.665 million units following the withdrawal of some government subsidies and tax exemptions. GlobalData is forecasting a 12% decline in light vehicle sales to 23.5 million units in 2026, down from 26.9 million units in 2025. "China's PV retail sales fall by 20% in July" was originally created and published by Just Auto, a GlobalData owned brand.