Trade Resources Industry Views Chinese Electric Cars Sales Booming

Chinese Electric Cars Sales Booming

The future looks bright for electric cars in China amid rapidly fluctuating gasoline prices and huge investments by the government to promote use of clean energy, industry sources said on Monday.However, inadequate battery technologies and the long charging time continue to be major detriments for the rapid growth of electric cars in China, they said, adding that it was important for Chinese battery makers to spread wings in overseas markets to upgrade their battery technologies.

The future looks bright for electric cars in China amid rapidly fluctuating gasoline prices and huge investments by the government to promote use of clean energy, industry sources said on Monday.

More than 712,000 highway-capable plug-in electric passenger cars and light utility vehicles have been sold worldwide, led by the United States with a stock of over 291,000 plug-in electric cars delivered since 2008, representing 41.0% of global sales. Japan ranks second with about 105,000 units sold since 2009 (14.7%), followed by China with more than 81,000 plug-in passenger cars sold since 2010 (11.5%).As of December 2014, over 228,000 plug-in electric vehicles have been registered in the European market since 2010, representing 32% of global sales.European sales are led by the Netherlands with over 45,000 light-duty plug-in vehicles registered, followed by France with 43,600 all-electric cars and light utility vans sold since 2010, and Norway with over 43,400 plug-in electric vehicles registered.In the heavy-duty segment, China is the world's leader.

Source: Made-in-China.com
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Topics: Transportation