August 18th, 2019 | by Jose Pontes
After an end-of-incentives derived surge in June, July saw the expected hangover, with the Chinese plug-in vehicle market dropping 7% year over year (YoY), and the 70,000 units of last month representing less than half of the deliveries of the previous month. Plug-in hybrids (PHEVs) sank 22% YoY in July, their worst drop in over two years, while, amazingly, fully electric vehicles (BEVs) still managed to grow, if only by 1%, despite the gloom all around them (the overall market also dropped 4%)
July 23rd, 2019 | by Jose Pontes
After a slow May, with just 2% growth, June saw the Chinese plug-in vehicle market return to full charge, thanks to some 147,000 registrations, up 72% year over year (YoY). Fully electric vehicles (BEVs) grew faster than that, at +97%, and because the mainstream market is falling (-8%), June’s plug-in vehicle (PEV) share reached a record 8.5%, pulling the PEV market share to 6.3%, well above the 2018 result (4.2%) and on target to reach my forecast of 8% for
June 20th, 2019 | by Jose Pontes
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%)
June 2nd, 2019 | by Jose Pontes
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%)
May 11th, 2019 | by Jose Pontes
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%)
March 31st, 2019 | by Jose Pontes
Traditionally, February, along with January, are the two slowest months in the Chinese plug-in vehicle market, but with sales growing 58% year over year (YoY) last month, to some 53,000 units, especially in the context of a falling market (the mainstream market was down 17% last month), one can’t really complain about this market, despite the plug-in electric vehicle (PEV) market share dropping slightly to 4.7% (4.3% in February). However, the 2019 result is already above the 2018 result (4.2%)
February 24th, 2019 | by Jose Pontes
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
