China's NEV ownership reached 48.97 million by end of June 2026, accounting for 13.19% of the country's 371 million total vehicle fleet, up 2.92 percentage points year-over-year.
New NEV registrations hit 5.195 million in H1 2026, representing 49.42% of total new car sales, indicating electrification is now the dominant vehicle type for new purchases in China.
China's 2030 target aims to lift NEVs to 30% of its car fleet, requiring the fleet to grow from the current 13.19% market share.