China's ICE Vehicle Market Share Plummets Below 30% as NEVs Surge
Recent data from China indicates a dramatic shift in the automotive market, with internal combustion engine (ICE) vehicles now holding less than 30% market share. This decline is attributed to the robust growth of new energy vehicles (NEVs), spearheaded by domestic brands like BYD and Li Auto.
The Chinese automotive market is undergoing a profound transformation, with internal combustion engine (ICE) vehicles experiencing a significant downturn. Recent reports indicate that the market share for ICE vehicles in China has fallen below 30% (Dongchedi). This dramatic shift highlights the accelerating pace of new energy vehicle (NEV) adoption across the Chinese market. The rapid expansion of NEV sales is reshaping the competitive landscape for global automakers in China.
Leading Chinese NEV manufacturers, including BYD and Li Auto, are at the forefront of this market disruption. These domestic brands are significantly contributing to the decline of traditional fuel-powered vehicles in China (Dongchedi). The strong performance of BYD's diverse NEV lineup and Li Auto's range-extended electric vehicles (REEVs) reflects a broader consumer preference for electrified transport solutions in China. This trend underscores the strategic advantage held by Chinese NEV companies in their home market.
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Written by EVPlus Editorial Team · 3 June 2026