EV, plug-in hybrid demand remains robust
Sales of electric vehicles and plug-in hybrids in China jumped 76 percent from a year earlier and approached 68,000 in August.
The surge was driven by demand for EVs. Approximately 56,000 EVs were sold across the country last month, a gain of 96 percent year on year, according to the China Association of Automobile Manufacturers.
Plug-in hybrid deliveries advanced 22 percent to around 12,000 vehicles during the month.
Through August, nearly 320,000 EVs and plug-in hybrids were sold in China, an increase of 30 percent from the same period last year. The tally reflects more than 260,000 battery EVs and 59,000 plug-in hybrids.
Under Chinese policy, only domestically built EVs, plug-in hybrids and fuel cell vehicles qualify for government subsidies. No automaker has launched sales of a fuel cell vehicle in China.
To goad automakers to expand EV output, the Chinese government will soon enact a Californian-style carbon credit program, Xin Guobin, vice minister of Industry and Information Technology, said at an industry forum held in the north China port city of Tianjin last week.
At the forum, Xin also disclosed that the ministry, which regulates the domestic auto industry, is looking to set a deadline to phase out the production of vehicles powered by fossil fuel.
The surge was driven by demand for EVs. Approximately 56,000 EVs were sold across the country last month, a gain of 96 percent year on year, according to the China Association of Automobile Manufacturers.
Plug-in hybrid deliveries advanced 22 percent to around 12,000 vehicles during the month.
Through August, nearly 320,000 EVs and plug-in hybrids were sold in China, an increase of 30 percent from the same period last year. The tally reflects more than 260,000 battery EVs and 59,000 plug-in hybrids.
Under Chinese policy, only domestically built EVs, plug-in hybrids and fuel cell vehicles qualify for government subsidies. No automaker has launched sales of a fuel cell vehicle in China.
To goad automakers to expand EV output, the Chinese government will soon enact a Californian-style carbon credit program, Xin Guobin, vice minister of Industry and Information Technology, said at an industry forum held in the north China port city of Tianjin last week.
At the forum, Xin also disclosed that the ministry, which regulates the domestic auto industry, is looking to set a deadline to phase out the production of vehicles powered by fossil fuel.
