Electric Cars Future is Here: Record-Breaking Sales in China and EU

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Electrical cars sales raised up to record 63 percent due to the increased demand in China.

As Bloomberg New Energy Finance reported on Tuesday, the sales of battery electric vehicles and plug-in hybrids surpassed 287,000 units in the three months ended in September.

Comparing with the same third quarter in 2016, the whopping rate is 63 percent higher. In the previous second quarter, the sales rate was 23 percent lower.

electro-cars-sales-global-china-infographic

Global Trend or a Need?

As Chinese government strives to curb pollution, its electric cars market doubled leading to increasing global sales. China is the world’s largest auto market and its efforts to ban of on the sales of non emissions-free cars will be globally felt.

“The Chinese government is very focused on pushing up EV sales,” said Aleksandra O’Donovan, advanced transport analyst at BNEF and one of the authors of the report. “One reason for that is the local pollution levels in the cities, and a second is for China to build domestic heroes to compete internationally in this market.”

electrocars-sales-global-china-eu-america-infographic

Lucky, China is not the only country that supports the shift to EV. Several governments have also announced targets for cleaner transport.

To date, France and the U.K. announced a prohibition on the sales of gasoline and diesel-burning cars by 2040. The Netherlands aims to ensure that all new cars sold by 2030 will be free of emissions. California also considers to follow a lawsuit.

Europe was the second-biggest market in the third quarter for EVs, with 24 percent of sales, followed by North America.

“The national subsidies can make EVs up to 40 percent cheaper than regular internal combustion cars,” O’Donovan said.

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Electric Cars Future is Here: Record-Breaking Sales in China and EU
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Electrical cars sales raised up to record 63 percent due to the increased demand in China.
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