CleanTechnica•3 months ago
Tesla Shines Amid EV Slowdown in China — February 2026 Sales Report
- •China's EV sales slumped by 32% in February 2026, primarily due to the expiration of NEV purchase tax exemptions and the Chinese New Year holiday.
- •The removal of purchase tax exemptions for New Energy Vehicles (NEVs) represents a significant policy shift, likely impacting the trajectory of EV adoption and future electricity demand growth in China.
- •Despite the overall market downturn, Tesla reportedly 'shined,' indicating relative resilience or market share gains in a less-incentivized and more competitive environment.
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