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Sogosohubidu201on Feb 22, 2019 9:03pm
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China’s EV Sales Jumped To 91,000 January 2019
China’s EV Sales Jumped To 91,000 January 2019https://cleantechnica.com/2019/02/19/chinas-passenger-electric-vehicle-sales-jumped-to-91000-in-january-suggesting-2-million-total-sales-in-2019/
Whilst it’s still early days, it is clear that 91,175 sales is already a huge number for January. If recent experience is any guide, we can expect to see November and December passenger EV sales both comfortably topping 200,000, perhaps even topping 250,000 in December. This should amount to at least 1.8 million passenger EV sales for the entire year, or at least 2 million in total (once we add in commercial vehicles, which usually contribute over 10% of total EV sales by yearly average). That’s a potential growth of around 59% compared to 2018’s 1.26 million EV sales (the official 2018 total figure from China’s Association of Auto Manufacturers). Our own EV sales guru Jose Pontes estimates that we could be looking at 8% China EV market share for 2019 overall, and up to 15% in December. Meanwhile, I’m working on an article that explores the dynamics of the transition in China — I estimate that we may well see EVs take 50% of the market for new vehicle sales by sometime in 2025, well ahead of most forecasts, and a few years ahead of the transition in Europe and particularly the US.