EV Obsession

China Electric Vehicle Sales Jump 175%, Up To 4.8% Of Auto Market In January!

Traditionally, January, along with February, are the two slowest months in the Chinese plug-in vehicle market, but tradition is not what it used to be. Even with disruption hitting the Chinese automotive market (the mainstream market was down 18% last month), plug-in electric vehicle (PEV) sales were up an amazing 175% year over year (YoY), to some 96,000 registrations.

New BYD Tang #1 in August in China — China Electric Car Sales Report

The Chinese plug-in vehicle (PEV) market hit its second best score this year, with some 93,000 units registered in August. However, it was up only 62%. This is a slowdown from the three-digit growth rates of previous months, and is explained by the fact that “new energy vehicle” subsidies were slashed for vehicles with range lower than 150 km. That happened in June, resulting in many small city EVs losing a large number of sales.