Electrified vehicle demand expected to top 1 million in 2018
China’s electric vehicle and plug-in hybrid deliveries are on track to exceed 1 million this year, a 29 percent jump from 2017, the China Association of Automobile Manufacturers said.
The association made the forecast last week after releasing deliveries of electrified vehicles for May.
Last month, roughly 102,000 EVs and plug-in hybrids were sold across China, surging 126 percent from a year earlier. The tally includes about 82,000 EVs and 20,000 plug-in hybrids.
For the first five months, combined EV and plug-in hybrid sales in China totaled 328,000, soaring 142 percent from the same period last year. The number includes 250,000 EVs and 78,000 plug-in hybrids.
The Chinese government is set to enact a carbon credit program next year to shore up domestic EV sales. It also plans to phase out subsidies for EVs and plug-in hybrids by 2020 to ease fiscal burdens.
The association made the forecast last week after releasing deliveries of electrified vehicles for May.
Last month, roughly 102,000 EVs and plug-in hybrids were sold across China, surging 126 percent from a year earlier. The tally includes about 82,000 EVs and 20,000 plug-in hybrids.
For the first five months, combined EV and plug-in hybrid sales in China totaled 328,000, soaring 142 percent from the same period last year. The number includes 250,000 EVs and 78,000 plug-in hybrids.
The Chinese government is set to enact a carbon credit program next year to shore up domestic EV sales. It also plans to phase out subsidies for EVs and plug-in hybrids by 2020 to ease fiscal burdens.
