China

China

We are getting very accustomed to New Energy Vehicle sales (another way to say plug-in electric vehicles) in China doubling every month...and July was no exception.

For July 36,000 were sold, which is 98% more than year ago.

Nearly three fourths of that total again falls to all-electric vehicles (BEVs) at 26,000 sold, while plug-in hybrids (PHEVs) hit the 10,000 mark for the second month in a row.

With 10,000 NEVs sold on its own (and excluding bus and trucks sales), BYD alone takes more about 30% of the market.

"According to the statistics made by CAAM, in July, the production and sales of new energy vehicles reached 38 thousand units and 36 thousand units respectively, increasing 93.4% and 98.1% year on year.

To be specific, the production and sales of BEV reached 27 thousand units and 26 thousand units, increasing 127.0% and 144.2% year on year; and such figures for PHEV were 11 thousand units and 10 thousand units, increasing 41.4% and 33.3% year on year."

BYD plug-in electric car sales in China – July 2016

BYD plug-in electric car sales in China – July 2016

After seven months, year-to-date sales in China have hit 207,000 - which is nearly 123% more than year ago at this point. We should note, that in China that total number of plug-ins includes vehicles like buses, and commercial/heavy vehicles...which we have no problem at all with adding into the count, as their "value" to society (emission/petrol displacement) is far greater than any passenger EV.

"For the first seven months, the production and sales of new energy vehicles reached 215 thousand units and 207 thousand units respectively, increasing 119.8% and 122.8% year on year. To be specific, the production and sales of BEV reached 162 thousand units and 153 thousand units, increasing 156.4% and 160.9% year on year; and such figures for PHEV were both 54 thousand units, increasing 53.7% and 57.6% year on year."

Sales of New Energy Vehicles in China – July 2016

Sales of New Energy Vehicles in China – July 2016

Sales of New Energy Vehicles in China – July 2016

Sales of New Energy Vehicles in China – July 2016