Welcome to the next issue of China x Cleantech, our June 2019 edition. Below I will inform you of rapid changes that are happening in China’s cleantech market. For our full China × Cleantech history, stroll over to the “Future Trends” section of our website. For last month’s edition, check here.
After a strong start of the year, May saw the Chinese plug-in market hit the brakes. With some 104,000 registrations in the month, the plug-in vehicle (PEV) market was up only 2% year over year (YoY). However, because the mainstream market is falling significantly (−17%!), the May PEV share reached an amazing 6.6%, pulling the 2019 PEV market share to 5.6%, well above the 2018 result (4.2%).
The 20 most popular CleanTechnica articles last week are listed below. First, though, I’ll note some of my personal favorites of the week.
After a first quarter with surging sales, April saw the Chinese plug-in electric vehicle market cool down a little, to some 100,000 registrations. That means it was up only 34% year over year (YoY). Nonetheless, because the mainstream market is still in the red, the April plug-in electric vehicle (PEV) share reached an amazing 6.2%, pulling the PEV market share to 5.4% in 2019 so far, well above the 2018 result (4.2%).
Mase Goslin, whose previous graphs we have highlighted, has compiled a new time series graphic of EV sales in the US, this time by brand. This more clearly shows Tesla’s rise to absolute dominance of the US EV market, crushing all other players and accelerating off over the horizon. EVs are the future, and Tesla is the undisputed market leader, especially in the US, but also globally. If you’re an automaker on the wrong side of this trend, it must be terrifying!
BNEF’s reputation as progressive on EV adoption projections is in question after its latest Electric Vehicle Outlook report trims its previous projections of sales across the coming decade down 10%, and assumes annual growth rates will quickly drop to 23–24% from the current rate of 56%.
March saw the Chinese plug-in electric vehicle market surpass 110,000 units, up 86% year over year (YoY). Meanwhile, the mainstream market was down 7% in March, allowing the March plug-in vehicle (PEV) share to reach 5.8%. That pulls the PEV market share to 5.1%, which is already well above the 2018 result (4.2%).
Global sales, growth, and market data for China, the US, and Europe
Welcome to the next issue of China x Cleantech, the March 2019 edition. For our full China × Cleantech history, stroll over to the “Future Trends” section of our website.
The China passenger car association’s first quarter figures are in, and electric vehicle sales continue their rapid rise, up 118% year on year, to over 254,000. Meanwhile, fossil vehicle sales have fallen 13% year on year, to 4,823 thousand for the quarter.
