China: Fuel Vehicle Share Falls Below One-Third as NEV Penetration Hits 67%
Data from the China Passenger Car Association (CPCA) show that in September 2026, the market share of China's fuel-powered passenger vehicles fell below one-third for the first time, while the penetration rate of new energy vehicles rose to 67% and the share of battery electric vehicles reached 47.3%. Product advances, policy orientation and young consumers' preferences are jointly driving the structural shift. Joint-venture brands and traditional dealership and repair systems are under pressure, with the number of auto repair shops falling from 382,000 to 345,000 in half a year. The industry is shifting from fuel-dominated to new-energy-dominated, but fuel vehicles will still coexist with new energy vehicles over the long term in scenarios such as long-distance travel and low temperatures, and the industrial chain needs to complete business and talent structure adjustments during the transition period.
33712 days ago
