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Domestic sales of gasoline cars fell 39% from a year earlier in May, according to the China Passenger Car Association, reducing their market share to a record low 37.1%. Photo: VCG
As sales of conventional vehicles fall, policymakers are searching for new ways to replace revenue generated from a tax on fuel
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Domestic sales of gasoline cars fell 39% from a year earlier in May, according to the China Passenger Car Association, reducing their market share to a record low 37.1%. Photo: VCG

High oil prices have hit sales of internal-combustion-engine vehicles, driving NEVs to a record 62.9% market share in May, even…

EVs now make up nearly all of the top 10 selling cars in the world’s largest auto market.

Zhou Xing says the transition is picking up even as severe lack of standout vehicles is hurting automakers’ sales

Car sales are down across the China - except for BEVs. The world's largest auto market is running away from anything with an…

As China’s passenger car market struggles, major automakers like Geely, Chery, and SAIC boost earnings by ramping up exports,…

As it becomes more clear how bad an idea it is to burn gas, some want to level the field by... eliminating gas taxes and…