Plug-in Hybrid sales in China going...

Plug-in Hybrid sales in China going gangbusters.

https://www.electrive.com/2024/08/12/china-bev-sales-decline-phev-sales-stronger-than-ever/

According to the China Association of Automobile Manufacturers (CAAM), sales of electric cars and plug-in hybrids (so-called new energy vehicles, NEVs) totalled 991,000 in July. Following the 1,049,000 new energy vehicles in June, sales fell below the one million mark again. The decline was 5.5 per cent. However, compared to the same month last year, the result represents an improvement of 211,000 units or 27 per cent.

Battery electric vehicles (BEV) accounted for 551,000 of the 991,000 NEV sales, 10 per cent down on June, but a moderate increase of 2.6 per cent compared to July 2023. Plug-in hybrid sales (PHEV), on the other hand, rose to an all-time high of 438,000 units (+0.5% compared to June, +81% YoY). This trend has been continuing in China for several months now. Fuel cell vehicle sales remain insignificant: they totalled 1,000 units in July.