Electric car sales soar in China

While combustion vehicle registrations are falling, electric cars in China are increasing by 119%

In the midst of an unprecedented downward cycle in vehicle sales, accumulating a 13% drop compared to the previous year, sales of electric cars in China have offered an optimistic outlook for the automotive sector. And the Asian country has stepped on the accelerator, increasing sales of this type of vehicle by 118%, reaching 254,000 units so far this year.

Although the situation of vehicle sales in China, one of the main thermometers of the world economy, shows clear signs of fatigue in the more traditional market, it also serves to show optimism regarding a more sustainable transport model that already accounts for 5.2% of the market share. A number that cannot be ignored when talking about the world’s leading vehicle sales market.

Is Spain ready for the electric vehicle of the future?

The figures, published by Chinese manufacturers, have provided a snapshot of a market in which, for the first time since 1990, a drop in sales has been recorded, but which seems to strengthen the role of the electric vehicle will have on the sector in the medium term. The figures are clear and invite optimism about a thriving “subsector.” With 254,000 units sold during the first half of the year, out of a total of 4.8 million, experts dare to predict that, by the end of the year, electric car registrations in China, whether 100% electric, plug-in hybrids, or hydrogen-powered, would reach 1.7 million units. 6% of the vehicle sales market in China.

Which brand is the main beneficiary?

If we have to talk about a brand that is gaining momentum from this wave, we have to talk about Tesla. The American firm, with its Model 3 as its workhorse, has managed to deliver 10,500 units despite the numerous logistical problems, including a full tariff war, and homologation that the electric vehicle manufacturer has suffered.

Knowing this, it is logical that Elon Musk’s firm is giving a final push to its factory in China, which will begin production during 2019. href=”https://forococheselectricos.com/2019/01/why-the-electric-car-industry-in-china-is-superando-a-europe-united-states-and-japan.html” target=”_blank” rel=”noreferrer noopener”>