nio es8 – Page 2 – Thinking Port

Chinese EV Sales In July: After The Subsidy Storm

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Credit to Author: Jose Pontes| Date: Sun, 18 Aug 2019 07:10:08 +0000

After an end-of-incentives derived surge in June, July saw the expected hangover, with the Chinese plug-in vehicle market dropping 7% year over year (YoY), and the 70,000 units of last month representing less than half of the deliveries of the previous month. Plug-in hybrids (PHEVs) sank 22% YoY in July, their worst drop in over two years, while, amazingly, fully electric vehicles (BEVs) still managed to grow, if only by 1%, despite the gloom all around them (the overall market also dropped 4%)