Connect with us

Hi, what are you looking for?

CleanTechnica

Cars

China 2019 Electric Vehicle Market Share Grows To 4.7% Despite Tighter Incentives

2019 electric vehicle market share in the world’s largest auto market, China, increased from 4.5% to 4.7%, even after a significant trimming of incentives from July.

2019 electric vehicle market share in the world’s largest auto market, China, increased from 4.5% to 4.7%, even after a significant trimming of incentives from July. The EV market share increase comes amidst an 8.4% fall in sales of combustion vehicles (26.82 million in 2018 to 24.56 million in 2019), with EV sales remaining relatively unscathed (1.26 million trimmed to 1.21 million). Whilst government officials expect fossil vehicles sales to fall again in 2020, EV sales will remain relatively healthy, helped by a stable incentive environment and substantial numbers of Tesla’s locally made vehicles.

Shanghai. Image Courtesy of sdweathers from Pixabay

The official auto market figures were released by the China Association of Automobile Manufacturers (CAAM) on Monday, and include both passenger vehicles and commercial vehicles. China’s overall auto market decline in 2019 accelerated from a smaller decline in 2018, after almost 3 decades of rapid growth. Shi Jianhua, a senior representative at CAAM, told reporters:

“We have moved away from the high-speed development stage. We have to accept the reality of low-speed development. … We had high-speed growth for a consecutive 28 years, which was really not bad, so I hope everyone can calmly look at the market.” Shi Jianhua, CAAM as reported by Reuters.

Remaining calm may be easier for some than others. Of the big international automakers, Ford appears to have been hit hardest, with China sales down 26.1% in 2019. Meanwhile, premium EV makers in China, such as Tesla, Nio, and others, have plenty of future growth to look forward to. Let’s see the recent drop in sales of fossil vehicles and the relative rise of EVs plotted in a bar chart:

China’s New Energy Vehicle (NEV) policy is primarily guided by the MIIT, whose senior official, Miao Wei, confirmed on Saturday that NEV subsidies would “remain relatively steady” during 2020.

Since China represents around a third of the global auto market, the falling sales of fossil vehicle bodes well for progress on pollution, the climate emergency, and fossil fuel conflicts.

The other two largest global auto markets, Europe and the US, likewise saw flat or declining fossil sales in 2019, following the initial trend we saw in 2018. Overall, fossil vehicle sales continued their global decline in 2019 (article coming soon).

 
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:



I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Advertisement
 

Max is an anthropologist, social theorist and international political economist, trying to ask questions and encourage critical thinking. He has lived and worked in Europe and Asia, and is currently based in Barcelona. Find Max's book on social theory, follow Max on twitter @Dr_Maximilian and at MaximilianHolland.com, or contact him via LinkedIn.

Comments

You May Also Like

Cars

Tesla hits the UK with its strongest ever May, helping lift the plugin electric vehicle market share to 23.1%, up from 18.3% year on...

Cars

A milestone in the electric vehicle revolution, toward the end of 2021, Hertz announced it was ordering 100,000 Teslas. That took true leadership from...

Cars

GM has joined Ford in agreeing to install NACS charging equipment in its electric cars so drivers can use the Tesla Supercharger network.

Cars

Your current car is getting a bit long in tooth and it’s time when you would normally be looking to replace it. Don’t buy...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.