Plug-in sales are down, but don't worry - things will get better from now on.
The Chinese passenger car market decreased in June 2020 by 6% year-over-year, but that's nothing compared to a 53% collapse of plug-in cars.
The huge drop results from high sales in June 2019, inflated by the end of generous incentives. As we are now a year since the major change to lower incentives, from August we should see significant improvements year-over-year.
The 91,000+ plug-in car sales in June was frankly the best result this year and the second-best in 12-months. Plug-ins also achieved a 5.5% market share (4.4% for BEVs).
After the first six months of 2020, total sales amounted to roughly 360,000 (4.7% of the total car market).
Plug-in electric car sales in China – June 2020
The BMW 5-Series plug-in hybrids do not stop to amaze us with its relatively high position in the BEV-dominated market.
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