Sunday, July 25, 2021

China: record plug-in sales in June

 From InsideEVs:





About 235,000 plug-ins were sold, which translated to 15% market share.

Plug-in electric car sales surge in China to new record levels as multiple models are selling better than ever.

In June, some 235,000 passenger plug-in cars were registered (new all-time record), which is probably close to 160% more than a year ago. Moreover, the market share increased to 15% and 12% are BEVs. Plug-in hybrids are not that popular in China.

So far this year, about 1.1 million passenger plug-in cars were sold, which is 11% of the total market. BEV share stands at 9%.

It's obvious that this year sales will exceed 2 million - possibly even 2.5 million.


OK, all those forecasters who think it'll take until 2040 for EV sales to make up 100% of car sales: China makes and sells roughly 1/3rd of the world's cars, will likely reach 20% EVs by the end of this year, and is only just beginning to turn its attention to EV exports.  Seriously?  At the growth rates of the last 5 years, China & Europe will achieve 100% by 2025.  Peak oil has come.

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