Wire · operational-macro
Chart: A record two-thirds of car sales in China are now electric vehicles
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Fusion42 · 24 October 2026 · Fusion42 review
In September 2026, new-energy vehicles (NEVs) accounted for 67% of all new car sales in China, reaching a record market share despite an overall decline in vehicle sales. The surge in NEV adoption is linked to rising petrol prices amid the Hormuz crisis, driving a steep fall in combustion-engine car sales and reinforcing China's shift towards electric road transport.
This Wire brief sits within Fusion42's coverage of Micromobility, and 2 sources have reported it between 12 Oct 2026 and 24 Oct 2026.
◆ ◆ The Wire takeaway
China’s electric vehicle shift is carving out oil demand and opening export opportunities amid falling domestic sales. If you work in EV or oil markets, expect more disruptions and new openings from this energy shock.
◆ Coverage
2 sources · first reported 12 Oct 2026 · latest 24 Oct 2026
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