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ICE Vehicle Sales Crash 49%(!) While EV Share Jumps to 67%(!) - China EV Sales Report for September
CleanTechnica • • business
Key Points:
- In September, electric vehicles (EVs) achieved a record 67% market share in China, driven primarily by a sharp 49% year-over-year decline in internal combustion engine (ICE) vehicle sales and a combined 45% BEV and 22% PHEV share.
- The Chinese EV market is on track for full electrification by 2030 and 100% BEV sales before 2035, with BEVs alone expected to surpass 40% market share in 2026.
- Tesla's Model Y remained the best-selling EV in September despite a slight sales decline, while domestic brands like Geely, BYD, and Leapmotor showed strong performances, with Leapmotor notably increasing sales by 31% year-over-year.
- BYD dominates the market with a 21.8% share, followed by Geely at 11.8%, while Leapmotor is rapidly rising, challenging established players and potentially poised to overtake Geely as the second-largest brand by year-end.
- The market reflects a bifurcation between a shrinking ICE segment dominated by foreign legacy automakers and a growing EV segment led by local Chinese brands, signaling significant disruption in the automotive industry.
