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Hormuz Effect: EVS = Record 2/3s of Chinese New Car Sales

Summary by juancole.com
Ann Arbor (Informed Comment) – India’s The Eastern Herald reports that fully two-thirds of new car sales in China in the first week of June were EVs (either battery electric or plug-in hybrid). A year ago, that statistic for the same week was 51%. Even in May, the figure was only about 62%. Insider observers of the Chinese auto market are suggesting that internal combustion engine (ICE) vehicle manufacturers will never be able to come back from …

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juancole.com broke the news on Sunday, June 21, 2026.
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