26 Jan '17, 11am

Plug-in vehicle sales in China for 2016

The December share was the same as for the year ago, which is a unique occurrence in the records of the last 3 years. It posts the question whether this is the start of a major adjustment towards more moderate Plug-in growth in China. It would clearly contradict Government targets, but reduced incentives for 2017 speak for a prolonged cooling. The coming months will show how buyers will react on de facto higher NEV prices and whether domestic OEM will try to maintain growth by price reductions. Hard to predict 2017 For the reasons above, the outlook for 2017 plug-in sales is highly uncertain. The recent share development indicates slow growth or even stagnation. The total market is predicted to increase by 5 % this year, which means 25.5 million passenger cars. China has clear intentions to raise the bar for NEV production, sales and technology, pushing plug-in sales and s...

Full article: http://electriccarsreport.com/2017/01/plug-vehicle-sales-...

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