Is China Inflating Its EV Sales?

16 Jun 2017   China

While China is being applauded as the world’s leading market for battery electric and plug-in hybrid vehicle sales, automakers are becoming frustrated over how to actually carry out a profitable long-term strategy for that market. A new draft proposal , posted this week on the website of the Legislative Affairs Office for China’s cabinet, mandates automakers to sell a high level of plug-in electrified vehicles (called “new energy vehicles” in China). That would equate to each automaker building credits equivalent to 8 percent of sales by 2018, 10 percent by 2019, and 12 percent by 2020. Sales figures report that more than 28 million new vehicles were sold in China last year. About 351,000 were new energy vehicles, making for only 1.25 percent of the total. Holding onto these high-level clashes with a compromise between Chinese Premier Li Keqiang and German Chancellor Angela Merkel made earlier this month. China […]

Tags:

Comments are closed.