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.
