Talk about a show of market force, plug-in electric car sales in China have hit an all-time high, reaching 750,000 units in August. The numbers, shared by EV Volumes and Jose Pontes, indicate a year-over-year increase of 36 percent. What’s even more astonishing is that almost two out of five new cars sold in China are now plug-ins, with the market share hitting a record 39 percent.
Out of 750,000 units, 500,000 were all-electric cars and the rest were hybrids
While China has long been a dominant player in the electric vehicle (EV) market, contributing to about 60 percent of global sales, this recent surge is noteworthy for another reason. All-electric cars are overshadowing their plug-in hybrid counterparts, selling two to one. Specifically, 500,000 all-electric cars were registered in August compared to 250,000 plug-in hybrids. The trend suggests that Chinese consumers are leaning towards fully electric options, thereby fast-tracking the country’s march towards cleaner, sustainable mobility.
BYD and Tesla are leading the pack among popular brands. BYD’s Song family alone accounted for 56,743 units, outdoing Tesla’s Model Y, which managed to rack up 51,117 registrations. The domination of Chinese-made models in the list of top-sellers hints that local manufacturers are rising to the occasion, responding well to the domestic demand for electric vehicles.
So, what does this signify for the future of EVs in China? The data is promising but serves as more than just a pat on the back for the industry. The obvious consumer preference for all-electric cars could pressure manufacturers to phase out hybrids quicker than expected, further driving innovation and adoption of pure electric vehicles.
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(Via)
