CleanTechnica•about 1 month ago
(Another) Record Month for EV Sales in China!
Key Takeaway
China's record EV sales highlight a rapidly expanding electricity demand, necessitating substantial investment in new generation and grid infrastructure to support this electrification trend.
AI Summary
- •China recorded a new high of 1.34 million plugin EV sales in December, capturing 59% of the total vehicle market, with BEVs alone reaching 35%.
- •This massive and rapid EV adoption signifies a substantial and growing new electricity load, creating significant demand for power generation.
- •For developers and IPPs, this trend indicates a strong market signal for increased investment in new generation capacity and grid infrastructure to support the electrification of transport.
Topics
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Article Content
BEVs represented 35% of the total Chinese car market in December. We saw plugins score another million-plus sales in December, reaching a record 1.34 million units (in a 2.26-million-unit overall market, down a harsh 14% YoY). Last month’s result put plugin vehicles’ market share at 59%, with BEVs reaching 35% ... [continued] The post (Another) Record Month for EV Sales in China! appeared first on CleanTechnica .