China is Dominating the Electric Car Market #shorts

NEV sales in China have seen a surge since 2016, reaching 6.88 million units in 2022 with a penetration rate of 25.6%. Chinese sales accounted for 63.6% of the world’s total amount, which stood at 10.82 million units in 2022. A total of 933,000 NEVs were sold in domestic market in January and February, with a penetration rate of 25.7%.

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