Netherlands: Plug-In Cars Grab 25% Market Share In July 2021 insideevs.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideevs.com Daily Mail and Mail on Sunday newspapers.
Tesla, recharge: can China’s EV brands dethrone Elon Musk? Start-ups Li Auto, Nio and Xpeng are going global with cheaper electric cars for all The Nio EP9, one of the fastest electric cars in the world and a another sign of China’s growing presence in all segments of the EV market. Photo: AFP
Can China produce a car to take on Tesla? Last year saw two models account for 20 per cent of sales for plug-in electric cars, or what China calls new energy vehicles (NEV). The made-in-China Tesla Model 3 went on sale right at the beginning of 2020, and went on to claim 11 per cent over the year. The ultra-compact Wuling Hongguang Mini EV, released in the middle of the year, took second place, with retail prices starting as low as 28,800 yuan (YS$4,400) helping it eclipse Tesla sales in several calendar months.
Feb 23, 2021
New research from Canalys shows that a record 1,3-million electric vehicles (EVs) were sold in China in 2020. But year-on-year growth was modest at only 8%.
In comparison, worldwide sales of EVs rocketed by 39% in 2020.
In a new digital report, Electric vehicle outlook: 2021 and beyond, Canalys publishes detailed EV sales data, forecasts and analysis on the global market with a spotlight on key markets, including China.
The Chinese government has been supportive of the transition to EVs, but several changes to EV-related policies and consumer subsidies in recent years disrupted the market and car makers struggled to build sales momentum.
“The Chinese EV market in 2020 was all about two vehicles: the made-in-China Tesla Model 3, the market leader in the first half of 2020, and the Hongguang Mini EV from the SGMW joint venture (SAIC, General Motors and Wuling), the market leader in the second half of 2020, which only launched mid-year,” says Chris Jones, chief ana
New research from Canalys shows that a record 1.3 million electric vehicles (EVs) were sold in China in 2020. But year-on-year growth was modest at only 8%. In comparison, worldwide sales of EVs rocketed by 39% in 2020, as reported here.