After the usual off-season (January and February), March came and electric car sales surged to 59,000 units in China, up 85% year over year (YoY). Quarter 1 2018 sales doubled compared to the same period last year, to over 122,000 units.
February is traditionally the slowest selling month in China, but with electric car sales at around 34,000, there’s not much to complain about — numbers were up 88% year over year (YoY), making this by far the best February ever.
After the December sales peak, January signaled the expected hangover, but still, sales stood at some 35,000 passenger plug-in vehicles (PEVs), up four-fold year over year (YoY), making this by far the best January ever for electric car sales in China.
The rise and rise of the Chinese plug-in electric vehicle (PEV) market is unstoppable, with yet another record performance in December. A total of 102,000 new passenger PEVs were registered last month, up 130% year over year. Yes, that was just December, and it pulled the year-to-date count to over 600,000 units, up 71% compared to 2016.
The rise and rise of the Chinese plug-in electric vehicle (PEV) market is unstoppable, with yet another record performance in November — 84,000 new passenger PEVs registered last month. That’s almost double last year’s total for November. That 84,000 also put the year to date (YTD) count over 490,000, up 60% year over year (YoY).
The rise and rise of the Chinese plug-in electric vehicle (PEV) market is unstoppable, with yet another record performance in October. With 66,000 new passenger PEVs registered last month, that’s almost double the result of October ‘16, while pulling the YTD count to over 405,000 units, up 55% YoY.
The rise and rise of the Chinese plug-in car market seems unstoppable, with another record performance in September. In total, 59,000 new passenger plug-in cars were registered last month in China, growing 80% regarding the same month last year, pulling the year to date (YTD) count to over 338,000 units, up 48% YoY.
A record 55,000 new passenger electric cars were registered last month in China, with the market growing 68% compared to the same month last year and pulling the year-to-date (YTD) count to over 282,000 electric cars, up 45% year over year (YoY).
Some 44,700 new electric cars started zooming the Chinese streets last month, which made July the second best month ever for the segment. The electric car market grew 37% compared to the same month last year. The sales also pulled the YTD count to over 227,000 units, up 40% year over year (YoY). Additionally, regarding overall stock, a notable milestone has been reached — over one million plug-in cars are now registered in China (from 2009 until now), making it the first market to reach a 7-digit figure. Chinese electric cars now represent 40% of all plug-car stock in the world (which is up to around 2.6 millions).
The Chinese market had more than 43,000 new EVs zooming the streets last month. With the market growing below expectations, at 16% YoY, this performance from China feels like when LeBron James scores 28 points in an NBA Finals game — it would be a great score for anyone else, but people expect more from the star of the team.
