The Chinese market had more than 32,000 new electric cars zooming the streets last month, an 89% increase over the same month last year, with the annual growth rate now at 31%. The EV market share is firmly above the 1% barrier, at around 1.4%. As the year proceeds and sales expand, expect market share to rise above last year’s result (1.45%), maybe reaching north of 2% share, something the US is yet to do.
The Chinese market had more than 16,000 new EVs zooming the streets last month, a 55% increase over the same month last year, so it looks like the January standstill is a thing of the past and we are back at business as usual in China’s EV market.
In January, SAIC and BAIC took over the top positions. Tesla also moved up, benefitting from the local sales drought to post a best ever #5 position. Here are last month’s top 5 best selling EV models…
The new electric car models hitting the market right now and in the coming year are a huge leap ahead of models that have been on the market for the past several years, but even without these new models, 1 million pure electric vehicles are now on roads worldwide! That’s according to new data from EV Volumes.
