Well, China is not a motor of plug-in electric car sales growth anymore, at least temporarily.
Sales of plug-in electric cars in China are decreasing. After a 7% drop in July, August brings a 12% decrease year-over-year to around 80,900.
The reason behind that is the deep cut of incentives in late June:
- No more subsidies for New Energy Vehicles with range below 250 km (155 miles) NEDC
- halved subsidies for higher range models
... and situation on the overall car market (down 8%).
Especially the PHEVs were affected and, without support, collapsed by 51%! On the other hand, BEVs managed to go 4% up (it was 1% up in July).
Plug-in car market share was 4.1% last month and 6% YTD as over 793,000 were already sold.
Plug-in electric car sales in China – August 2019
As it turns out, the Baojun E-Series fits the current Chinese NEV market the best. Sales of this tiny two-seater amounted to 8,698 thanks to catching on BEV subsidies.
Strong results were noted also by the BAIC EU-Series (7,580), BAIC EX-Series (6,568), BYD Yuan BEV/BYD S2 BEV (5,468) and also the GAC Aion S (3,815).
The MG ZS EV (recently introduced in UK) had 1,874 sales.
Here are the top five YTD:
- BAIC EU-Series - 7,580 (65,593 YTD)
- BYD Yuan BEV/BYD S2 BEV – 5,468 (57,413 YTD)
- Baojun E-Series – 8,698 (31,900 YTD)
- BYD e5 - 1,963 (28,184 YTD)
- BYD Tang PHEV – 1,658 (27,932 YTD)
Source: EV Sales Blog