Quick Look At New Energy Vehicle Sales In China Through August 2018

OCT 14 2018 BY MARK KANE 9

China now has more than 2.3 million plug-in vehicles

According to the China Association of Automobile Manufacturers (CAAM), during the first eight months of this year, already more than 600,000 New Energy Vehicles (all-electric and plug-in hybrids – cars, buses, trucks, etc.) were sold.

Monthly sales exceed 100,000 in August (and May) and probably will move towards 200,000 by the end of this year.

“In August, the production and sales of new energy vehicles reached 99 thousand units and 101 thousand units respectively, increasing 39% and 49.5% year on year. To be specific, the production and sales of BEV reached 72 thousand units and 73 thousand units, increasing 24.2% and 31.7% year on year; and such figures for PHEV were 27 thousand units and 28 thousand units, increasing 102.3% and 130.8% year on year.”

More than 600,000 sales in the first eight months enabled China to reach a cumulative result of over 2.3 million.

In 2018, China is expected to note NEVs sales well above 1 million (probably around 1.2 million).

“For the first eight months, the production and sales of new energy vehicles reached 607 thousand units and 601 thousand units, increasing 75.4% and 88% year on year. To be specific, the production and sales of BEV reached 455 thousand units and 447 thousand units, increasing 60.2% and 71.6% year on year; and such figures for PHEV were 153 thousand units and 154 thousand units, increasing 144.2% and 159.7% year on year.”

Plug-in hybrid sales note slight, stable growth, while all-electric changes dramatically depending on season and changes in incentives.

Most of the New Energy Vehicles are all-electric:

One more look at the first eight years of the early-stage of the EV revolution in China:

Categories: China, Sales

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9 Comments on "Quick Look At New Energy Vehicle Sales In China Through August 2018"

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Benz

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“In 2018, China is expected to note NEVs sales well above 1 million (probably around 1.2 million).”

And more than 2 million in 2019?

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yo

More than 2 million in 2019?
Most likely a big big YES and then maybe some more…
Next year the China EV sales mandates kick in for legacy auto manufactures…

Milfan

Great news. Any idea about their september sales.
Adding 100,000 every month is just a cakewalk for that country.
Waiting to see China hitting 3 million mark soon and I believe this will also lead the World to 5 million mark which will be a major achievement.

This year the World’s plugin sales may hit 1.8 million and that will be around 200,000 short of hybrids which will hit 2 million mark.
Whether its plugins / hybrids, both does their job in reducing pollution using a bigger / smaller battery.

Ahmet Giz

BYD 25k, no news from BAİC yet.

Ahmet Giz

Gasgoo gave New numbers for september 98666 Total nev of which 72600 bev.

ffbj

Even more impressive when one considers the fact that overall car sales are falling yoy in China.

Ron M

Well China had vehicle sales of 30 million in 2017. So if sales stay the same by 2020 when they sell 3 million in a year that will get them to 10%. That will be a busting the dam wide open time.

trackdaze

All this growth while total vehicle sales are flat. ICE is melting

Windbourne

What I find interesting is that China has 5x the American population and about 2x the European population, and yet, America sells about 1/2 of the vehicles of the CHinese. Likewise, I think that Europe is similar (though I may not recall the full amount).
IOW, per capita, CHina is still selling relatively few, and they continue to grow ICE (which unlike Europe and America are NEW ADDITIONAL vehicles, while in the west, most new cars are replacements of old).

IOW, I expect China’s CO2 to continue growing, while the west, will continue to shrink.