China’s EV momentum slows as pricier batteries steer drivers to hybrids
South China Morning Post
by Daniel RenFebruary 19, 2026
AI-Generated Deep Dive Summary
China’s electric vehicle (EV) market is experiencing a notable shift as rising battery costs and a sluggish car market push budget-conscious consumers toward hybrid vehicles over fully electric models. Analysts predict that 2024 will see a decline in pure electric vehicle (BEV) sales, with plug-in hybrids gaining market share for the first time in years. This pivot is driven by material cost inflation, which has made BEVs less affordable and prompted automakers to prioritize more cost-effective alternatives.
The world’s largest car market, China, had previously been a leader in rapid electrification, but the current economic environment is forcing a reevaluation. With battery prices soaring and consumer sentiment shifting, hybrid vehicles are emerging as a more attractive option for many buyers. Plug-in hybrids, which combine an internal combustion engine with an electric motor, offer longer range and reduced charging concerns, making them a practical choice for cost-conscious drivers.
This shift has significant implications for the global automotive industry. While BEVs remain a critical part of China’s long-term environmental goals, the temporary resurgence of hybrids highlights the challenges of scaling up EV
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Originally published on South China Morning Post on 2/19/2026