We saw plugins score another million-plus sales in November (1.3 million plugins in a 2.2-million-unit overall market, down 8% YoY), but growth has been slowing down, with November showing only a 4% increase over November 2025.
Digging deeper into the numbers, while BEVs continued to grow, going up by 9% to 827,000 units, or 37% of overall sales, PHEVs were down for the 5th time in a row, this time by 4% YoY to some 494,000 units.
Counting both powertrains together, we get over 1.3 million sales, which is a new record level.
With BEVs continuing to grow and PHEVs accumulating months in the red, have we reached a turning point in PHEV adoption?
This month’s result pulled the share to 59%, a 7 percentage point increase over the 52% share of November 2024, while the BEV share of the market rose to 37%. Expect to see plugins continue to grow their share in the final month of the year. For now, plugins have 54% of the total auto market this year (33% just for BEVs), which means that most new cars sold in China this year have a plug!
Source : Investing.com