Over 65% of cars sold in China are now EVs as Iran war drives electric shift

Over 65% of cars sold in China are now EVs as Iran war drives electric shift China’s electric vehicle adoption rate has hit yet another record high, as rising fuel prices accelerate the pivot away from petrol cars China’s electric vehicle (EV) adoption rate has hit an all-time high, as the Iran war drives motorists to shift away from petrol cars despite a sluggish automotive market. A record 65.2 per cent of the 1.54 million cars sold in mainland China last month were either pure electric or plug-in hybrid vehicles, data from the China Passenger Car Association (CPCA) showed. The figure broke the previous record of 65.1 per cent set a month earlier. “Consumers are convinced of EVs’ advantages now that range anxiety has been largely eased,” said Zhao Zhen, a sales director at Shanghai-based auto dealer Wan Zhuo Auto. “Higher penetration rates can be expected as more drivers shun petrol cars.” The Iran war appears to be accelerating the electrification shift, as rising fuel costs prompt more Chinese consumers to shun petrol vehicles.