EV Company News For The Month Of February 2019 Mar. 4, 2019 9:09...

EV Company News For The Month Of February 2019

Mar. 4, 2019 9:09 AM ET
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Summary
Global electric car sales were up 83% YoY in January, reaching 1.9% market share. China electric car sales surge 175% YoY.
EV market news - Chinese subsidies for purchasing high-performance electric and other eco-friendly vehicles will be expanded.
EV company news - January 2019 - BYD Co. moves to global number 1, SAIC to number 2, and Tesla to number 3. Tesla rolls out Model 3 in China.
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Welcome to the February 2019 edition of Electric Vehicle (EV) company news. February saw the announcement of a 175% YoY surge in January 2019 China electric car sales. The graph below shows what we can expect from China in 2019 (purple line, forecast beyond January). At the projected trajectory, we could see Chinese electric car sales pass 2m in 2019 (2018 was ~1m).