EV, plug-in hybrid sales soar in first 5 months
Sales of electric vehicles and plug-in hybrids in China surged 98 percent in the first five months of the year from the same period last year to 3,770 units, the Ministry of Industry and Information Technology said.
In the first five months, sales of passenger EVs jumped 177 percent year-on-year to 1,851 units, while sales of passenger plug-in hybrids surged 567 percent to 1,014 units, according to the ministry, which regulates the domestic auto industry.
By contrast, deliveries of commercial EVs dropped 29 percent from a year earlier to 366 units, while sales of commercial plug-in hybrids dipped 4 percent to 539 units.
The central Chinese government offers incentives of as much as 57,000 yuan ($9,120) for the buyer of an EV and as much as 33,250 yuan for the buyer of a plug-in hybrid. Conventional hybrids do not qualify for government incentives in China.
Sales of commercial EVs such as electric buses are mainly subsidized by city governments in China, and the subsidies vary among cities.
By contrast, deliveries of commercial EVs dropped 29 percent from a year earlier to 366 units, while sales of commercial plug-in hybrids dipped 4 percent to 539 units.
The central Chinese government offers incentives of as much as 57,000 yuan ($9,120) for the buyer of an EV and as much as 33,250 yuan for the buyer of a plug-in hybrid. Conventional hybrids do not qualify for government incentives in China.
Sales of commercial EVs such as electric buses are mainly subsidized by city governments in China, and the subsidies vary among cities.
