Volkswagen Returns to No.1 in China as BYD Slips with EV Subsidies Waning
Volkswagen’s joint ventures in China regained the top sales position in the first two months of 2026, overtaking BYD as Beijing scales back incentives for electric vehicles. Toyota also gained ground. Data from the China Passenger Car Association show shifting market shares as purchase tax exemptions and trade-in subsidies for EVs fade, and consume…