NewEnergyNews: EV VROOM!!! In China

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    Friday, May 11, 2018

    EV VROOM!!! In China

    Electric-Vehicle Sales Amp Up in China; EV sales are on course to top 1 million this year for the first time, analysts say

    Trefor Moss w/Lin Zhu, May 11, 2018 (Wall Street Journal)

    “China’s auto sales rose 11.5% last month compared with the same period last year…[while EV sales] in the January-to-April period are up 149% compared with the same period in 2017…With auto sales typically accelerating in China as the year progresses, many analysts say Chinese EV sales are on course to top 1 million this year for the first time. Last year, 777,000 electric vehicles were sold…The Chinese government is targeting 2 million EV sales in 2020, and is trying to achieve that with incentives as well as restrictions on gasoline-car purchases. China accounted for roughly half of all global EV sales in the first quarter of 2018…The Chinese bought 9.5 million vehicles in the January-to-April period, of which 8 million were passenger cars, up 4.8% compared with the same period in 2017…” click here for more

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