China’s EV Market Nearing 2 Percent Penetration

The number of passenger vehicles sold in China surged 68 percent in August compared to the same month last year, but the really compelling statistic is the number of electric vehicles that made up the proportion of the 55,000 units sold in the Asian country. According to numbers published Sunday by Clean Technica , the plug-in-vehicle market grew in China to 1.8 percent of total passenger vehicles, which is a new record compared to last year’s 1.5 percent. Sales are expected to grow even further by the end of the year to 2 percent and may even reach 2.5 percent, the website which reports on renewable energy trends, states. It notes that of all the EV models sold in China – 94 percent of which are domestic brands – small city cars were the most popular, with the EC-Series by BAIC International the best performer at over 6,700 deliveries […]

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