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The Boom Goes On: China's Electric Car Sales Up 162% So Far This Year

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The spectacular growth of the New Energy Vehicle market in China continues; state media reports that sales were up a massive 162% to 170,000 units in the first half of the year.

NEVs include pure-electric vehicles and plug-in hybrid electric vehicles. One of the main reasons for the stellar growth of NEV sales in China are the very generous subsidies by the central and local governments. The subsidies on local level differ per city but the maximum is about 50,000 yuan or $7,500, adding up to a total subsidy of $14,240.

Now they are suddenly everywhere, including in my area in the far east of Beijing where State Grid, China’s state-owned electricity company, created a six-berth fast-charger station out of nothing.

The numbers confirm the sudden rise: in late June there were 85,000 public charging stations in China, up 65% compared to the end of 2015.

Car makers are offering free home-chargers for people who have their own parking places, and more and more shopping malls install chargers in their underground parking lots.

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Article originally posted at ow.ly

Post Author: Carla Parsons

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