EVs are the inevitable future and China’s market has been one of the major players in defining the course of the new technology. They have invested heavily and looks like EV sales are soaring in China. The sales numbers comprises of both fully electric BEVs and plug-in-hybrids as well.
There was a total increase of 30.5% in BEV and PHEV sales in September. A total of 1.7 million vehicles were sold out of which 1.1 million vehicles were sold in China alone. This shows how big China is becoming and it might just become the leader in a few years in terms of the global automotive industry. China alone saw an increase of 47.9% making September the second consecutive month to achieve the million mark.
Its not all golden in other parts of the world but things stayed positive overall. North America saw an increase of 4.3% in sales and Europe saw an increase of 4.2%, mainly due to increase in sales in the UK which went up by 24%. The rest of the world also saw an increase in EV sales and 25% more units were moved in September.
The EV market has been dwindling a lot with sales showing an unstable trend. There has been an increase in sales of vehicles but this also factors in the sales of hybrid vehicles which have been gaining more and more popularity and are considered to be a brilliant stop gap between electric and ICE vehicles.
Many manufacturers have toned down their efforts to go electric and have decided that they will work side by side on both pure EVs, hybrids and ICE engine cars to stay relevant in the market. Legacy manufacturers were having huge troubles moving electric vehicles off their showroom floors and the charging infrastructure is simply not there in many parts of the world to carry on mass adoption of this technology so soon.
