Cui Dongshu: from January to November, the sales of new energy vehicles accounted for 36%, and the contribution will further increase in the future.

CTOnews.com, December 10, according to the Federation of passengers, retail sales in the passenger car market reached 2.08 million units in November 2023, an increase of 26% year-on-year and 2.4% month-on-month. Retail sales for the whole year are expected to reach 21.5 million units, an increase of 5 per cent year-on-year.

Cui Dongshu, secretary general of Tuyuan Pexels Association, said that at present, the penetration rate of new energy vehicles is the highest, A00 minicars have a penetration rate of 100%, while the penetration rate of A0 class new energy vehicles has reached 66% in November, while the penetration rate of B-class vehicles has increased significantly to 45%.

CTOnews.com also noted that the penetration rate of A-class cars exceeded 24% in November this year, but it is still the lowest of all classes, with an average annual increase of relatively slow.

It is said that new energy vehicles accounted for a strong proportion of 28% in 2022, while the contribution of new energy vehicles in the first 11 months of this year has reached 36%, and he believes that the contribution of new energy vehicles will still increase slightly in the future.