Hyperdrive
China Has Shot at Seizing 60% Share of Global EV Sales This Year
Longer-range models and surging demand for plug-in hybrids are contributing to the country becoming even more dominant.
An XPeng store in Beijing.
Source: Bloomberg
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China just reported electric-vehicle sales data for October, and the numbers continue to break records. A total of 722,000 plug-in passenger and commercial vehicles were sold. Battery-electric vehicles were 22% of the passenger car market, and plug-in hybrids claimed another 9% share.