29 Dec '17, 11am

China registered 490,000 plug-ins year-to-date

China has registered 490,000 plug-in passenger cars from January to November 2017, which makes it by far the largest market for plug-ins (or New Energy Vehicles, NEV, as they are called in China ). Battery-electric vehicles are the clear winners, increasing 5 % in the mix, to 81 % of all NEV sales. NEV passenger car sales reached a new high in November, with 84,000 units delivered and an estimated market share of 3.2 %. EV-Volumes forecasts a total of 577, 000 units for the complete 2017, a 65 % growth over 2016. The Chinese NEV vehicle population has crossed the 1-million mark in October and by the end of 2017 it is expected to hit 1,200,000. The Chinese Government has announced ambitious NEV share mandates of 8 % for 2018, 10 % for 2019 and 12 % for 2020. The Government will also will extend a tax rebate on purchase of new-energy vehicles until the end of 2020, in a cont...

Full article: https://electriccarsreport.com/2017/12/china-registered-4...

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