Have We Reached Peak BYD? (and Peak PHEV?) — July 2025 China EV Sales Report - CleanTechnica

The July 2025 China EV sales report highlights continued robust growth in the Chinese electric vehicle (EV) market, with plugin vehicles approaching one million sales in a 1.8-million-unit overall market, marking a 6% year-over-year (YoY) increase. Battery electric vehicles (BEVs) grew by 26% to over 607,000 units, representing 34% of total sales, while plug-in hybrid electric vehicles (PHEVs) experienced their first YoY decline in over five years, dropping 10% to a 20% market share. Overall, plugins accounted for 54% of the market share in July, pushing the year-to-date share to 51%, with expectations that China could surpass 55% plugin vehicle share by year-end. The report suggests a potential turning point in PHEV adoption as BEVs continue to dominate. In terms of market dynamics, fully internal combustion engine (ICE) vehicles are rapidly losing ground, with only two ICE