China Ups Electric Vehicle Production More Than Tenfold
China electric car sales are booming and so is production, which in August increased 11-times year-over-year!
A total of 5,191 pure electric and plug-in hybrid cars (New Energy Vehicles) were made last month in China.
In the first eight months, production amounted to 31,137.
Battery electric passenger cars soared nearly 700% during the January-August period to 16,276, but this is slow growth compared to plug-in hybrids, which increased roughly 1,200% to 6,621.
Another 8,240 must belong to commercial vehicles, which is growing by 55% (BEVs) and 91% (PHEVs).
Well, it seems that this is the awakening of Chinese electric car market.
“China has rolled out a raft of measures to encourage the use of new energy vehicles in its bid to save energy and combat pollution, including tax exemptions, subsidies for car purchases and requirements for government bodies to buy of the cars.”
“In July, the government announced that new energy cars will be exempted from a 10-percent purchase tax from Sept. 1, 2014 to the end of 2017.”
31,000 plug-ins is however still a small part of 13.3 million total vehicles produced in the first seven months (without August) in China.