According to US media reports on December 29, the annual sales of electric vehicles and plug-in hybrids in China exceeded that of Europe and the United States last year. This figure does not include the sales of electric trucks and buses. This year, China's electric vehicle market continues to exert its strength, and the cumulative total sales volume is expected to lead the European and American markets. As the Chinese government increases its support for the electric vehicle industry, the Chinese electric vehicle market will continue to heat up. Hardened Shaft,Turning Parts Shaft,Cnc Machining Turning,Propeller Shaft JING SUNG Precision CO., , https://www.zjcncmachining.com
Foreign media Hybrid Cars reported that from 2010 to the end of this year, China's light electric vehicle sales totaled 645,000 units, compared with the US and European markets, sales were 30,000 and 70,000 respectively. In addition, sales of commercial electric vehicles, including heavy-duty trucks and urban vehicles, in the Chinese market reached around 200,000 units.
China's domestic electric vehicles account for 4% of the total sales of such models. However, China's electric vehicle production standards may not be applicable to the US and European markets. Ninety percent of the electrified models sold in China are small cars, mini cars and neighborhood electric cars (ie low-speed electric cars). These models are not popular in the US market. China hopes that by 2030, electric vehicles will account for 40% of light-duty vehicles, or 15 million. However, compared with the United States, the overall size of the Chinese auto market is relatively small. Last year alone, the US passenger car sales reached 17.4 million.
At the beginning of this year, EV Sales, the authoritative researcher of electric vehicles, predicted that BYD Tang electric SUV will become China's best-selling electric car in 2016, with sales expected to reach 75,000. The Kangdi Panda electric car, which is also a domestic brand, ranked second with 25,000 sales. In contrast, Tesla Model S and Model X have sales of only about 10,000 units.