EV, plug-in hybrid demand continues to surge
Sales of electric vehicles and plug-in hybrids in China continue to gather steam, rising 79 percent to roughly 78,000 vehicles in September.
EV deliveries soared 83 percent to 64,000 last month over September 2016 while plug-in hybrid demand jumped 62 percent to 14,000, the China Association of Automobile Manufacturers said.
Through September, sales of EVs and plug-in hybrids totaled 398,000, up 38 percent. That sales figure includes 325,000 EVs and 73,000 plug-in hybrids.
In China, only domestically produced EVs, plug-in hybrids and fuel-cell powered vehicles qualify for government subsidies. To date, no automaker has launched sales of fuel-cell vehicles.
The Chinese government plans to end subsidies for EVs and plug-in hybrids by 2020. Despite that, EV sales are expected to remain robust as automakers attempt to comply with a California-style carbon credit trading program that takes effect in 2019.
EV deliveries soared 83 percent to 64,000 last month over September 2016 while plug-in hybrid demand jumped 62 percent to 14,000, the China Association of Automobile Manufacturers said.
Through September, sales of EVs and plug-in hybrids totaled 398,000, up 38 percent. That sales figure includes 325,000 EVs and 73,000 plug-in hybrids.
In China, only domestically produced EVs, plug-in hybrids and fuel-cell powered vehicles qualify for government subsidies. To date, no automaker has launched sales of fuel-cell vehicles.
The Chinese government plans to end subsidies for EVs and plug-in hybrids by 2020. Despite that, EV sales are expected to remain robust as automakers attempt to comply with a California-style carbon credit trading program that takes effect in 2019.
