NewEnergyNews: EV Sales In China Boom

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    Friday, August 12, 2016

    EV Sales In China Boom

    China Electric Car Sales Up 188%, Still Dominated By BYD

    Jose Pontes, August 11, 2016 (CleanTechnica)

    “The Chinese market had some 34,000 new EVs zooming the streets last month, a 188% increase over the same month last year, in-line with the annual growth rate. EV market share surpassed the 1% barrier in July, reaching 1.1% of new car sales...At this rhythm, the Chinese EV market is headed to reach some 400,000 sales and 1.5% market share by December 31st, which not only would beat North America (USA + Canada + Mexico) and Europe as the top-selling market, both in volume and market share, but would also make it the largest market fleet-wise, with nearly 700,000 units in the streets…[And] 96% of the market belongs to domestic brands [with only 2% going] to Tesla, 1% to Porsche, and a remaining 1% is for the remaining automakers…” click here for more

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