I saw an interesting tweet by Sam Korus from ARK Invest yesterday. He shared that gas-powered car sales in China were down around 4% in 2021, while battery electric vehicle sales were up ~145%. He
The video above by The Electric Viking was posted a couple of months ago, in November 2021. I’m including it here because I feel that it kind of showed a preview of what we are seeing now.
“Sales of EVs in China hit 15% for two straight months in a row in September and October this year. That’s a tripling of EV sales versus the same months in China last year.” Electric vehicles are seeing high demand worldwide and China is a huge portion of that demand. The market, The Electric Viking noted, is transitioning to electric cars faster than any single mainstream media publication has come close to projecting would happen.and by The Electric Viking is how affordable EVs are in China. The Electric Viking said:
“In China, where people can get an EV for the same price as a FEV or a petrol vehicle, they almost always choose an electric one. 82.3% of all new energy vehicles sold were fully electric.”“Most striking, though, is the re-bound of mini-EVs in China, now at ultra-affordable prices of 30-60 000 RMB. Read Wuling Hongguang Mini EV, Great Wall Ora R1, Chery eQ, SAIC Roewe Clever, Baojun, and others. Around 300 000 units of them were sold during H1, a quarter of all NEV sales in China.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Porsche sales hit record levels in 2021 as Taycan sales double | Autocar2021 was a record sales year for Porsche, thanks to the popularity of its SUVs and Taycan EV
Read more »
Electric Vehicles Drive Growth for China Car SalesChina’s car market snapped a three-year decline last year, helped by strong sales of electric vehicles, though the global chip shortage and Covid-19 outbreaks in the country disrupted some production.
Read more »
Philips Sees 4Q Sales EUR4.9BBy Ian Walker Koninklijke Philips NV said Wednesday that sales for the last quarter of the year were below its expectations, blaming global supply-chain...
Read more »
2021 new van sales revealed: who were the winners and losers?2021 saw van sales recover to nearly pre-covid levels despite semiconductor shortages and new Covid variants threatening supply chains
Read more »
Skoda sales down 12.9%, but electric Enyaq volumes strong | AutocarSkoda sales down 12.9%, but electric Enyaq volume strong
Read more »