Invest
Electric Cars
Electric Car Benefits
Electric Car Sales
Solar Energy Rocks
RSS
Advertise
Privacy Policy
Cars
Published on April 10th, 2019 |
by Dr. Maximilian Holland
China’s EV Sales Grow 118% Year On Year & Fossil Sales Fall 13% — Q1 Charts!
Twitter
LinkedIn
Facebook
April 10th, 2019 by Dr. Maximilian Holland
The China passenger car association’s first quarter figures are in, and electric vehicle sales continue their rapid rise, up 118% year on year, to over 254,000. Meanwhile, fossil vehicle sales have fallen 13% year on year, to 4,823 thousand for the quarter.
Tesla Model 3 in Shanghai/Tesla.com
We know that China is full speed ahead on electric vehicles, and the first quarter 2019 figures don’t disappoint. Year-on-year growth of 118% is pretty impressive, even by Chinese standards. Here are the 2018–2019 Q1 sales of fossils and EVs compared in a chart:
click to zoom
Note that these figures are just for passenger vehicles (cars, SUVs, and MPVs). They exclude the electric buses that China is also famous for.
Fossil fuel sales continue to plummet. We saw recently that, in 2018, fossil fuel vehicle sales fell, not only in China, but also in Europe and the US. Current estimates for total global vehicle sales in 2019 are hovering around ~89 million units, down from ~95 million in 2018, according to LMC automotive.
Rapidly growing electric vehicle sales in all regions are of course a bright spot in an otherwise gloomy market, and are great news for reducing rates of pollution and climate emissions.
Let’s see how China’s EVs passenger vehicle sales so far this year compare to the sales figures of recent years:
click to zoom
Local automakers BYD and Geely are having a good year in EV sales, with shares of both companies currently buoyed by recent reports and outlook.
Tesla gained the most Q1 China EV sales of any non-local manufacturer, selling — by some back-of-the-napkin calculations (thanks Jose Pontes of EV Volumes and CleanTechnica) — likely around 10,500 Model 3s in February and March. Meanwhile, Tesla’s Shanghai Gigafactory, which will enable local production, is being built out very rapidly, with roofs already going up. Gigafactory 3, as it’s called, is expected reach the end of its major exterior construction phase in May.
Shanghai Gigafactory aerial photo by Wuwa Vision/YouTube
Ratings agency Fitch projects that China’s EV sales will have another good year in 2019 despite potential disruptions from the changes in the subsidy regime. Whilst it’s good that Fitch sees a strong outlook, rather than rely on rating agencies, take a look at our own extensive coverage of trends in the China EV market and make up your own mind. I’m still projecting 2 million EV sales in China in 2019. 😉
About the Author
Dr. Maximilian Holland Max is an anthropologist, social theorist and international political economist, trying to ask questions and encourage critical thinking about social and environmental justice, sustainability and the human condition. He has lived and worked in Europe and Asia, and is currently based in Barcelona.
Back to Top ↑
Advertisement
Advertise with CleanTechnica to get your company in front of millions of monthly readers.
CleanTechnica Clothing & Cups
Top News On CleanTechnica
Join CleanTechnica Today!
Advertisement
Advertisement
Follow CleanTechnica Follow @cleantechnica
Our Electric Car Driver Report
Read & share our new report on “electric car drivers, what they desire, and what the demand.”
The EV Safety Advantage
Read & share our free report on EV safety, “The EV Safety Advantage.”
EV Charging Guidelines for Cities
Share our free report on EV charging guidelines for cities, “Electric Vehicle Charging Infrastructure: Guidelines For Cities.”
30 Electric Car Benefits
Our Electric Vehicle Reviews
Tesla News
Cleantech Press Releases
Wiesbaden Orders 56 Electric Buses From Mercedes-Benz
Volkswagen Group Secures Lithium Supplies From Ganfeng Lithium
New Flyer Infrastructure Solutions Completes New York’s 1st Interoperable, On-Route Charger Solution For Transit Buses
38 Anti-Cleantech Myths
Wind & Solar Prices Beat Fossils
Cost of Solar Panels Collapses
© 2018 Sustainable Enterprises Media, Inc.
Invest
Electric Cars
Electric Car Benefits
Electric Car Sales
Solar Energy Rocks
RSS
Advertise
Privacy Policy
This site uses cookies: Find out more.Okay, thanks