According to official data from China, the market share of electric and rechargeable hybrid cars surpassed gasoline cars for the first time in July in the world’s largest automobile market.
China, which has become the production center of new generation technologies, has now taken a playmaker position in the automobile industry. Chinese brands such as BYD and Chery, which have recently increased their sales volumes rapidly in Turkey, have become popular so quickly that they are sold in both Europe and Turkey. Tariffs “to calm sales” was placed.
The Chinese government continues to carry out major incentive campaigns, especially for the popularization of fully electric (EV) and rechargeable hybrid (PHEV) cars. Moreover, these campaigns have started to yield serious results. So much so that by July 2024, the share of EV and PHEV vehicles in total sales has increased from 7% to 50.7% in three years. So now Sales of electric and hybrid cars in China have surpassed gasoline cars.
Monthly electric and hybrid car sales in China reached Turkey’s total annual car sales.
So why is the increase in electric car sales in China important? First of all, we should not forget that China is the world’s largest automobile market. To make a small comparison; Last July, 1.73 million cars were sold in China and again The number of EV and PHEV cars sold in July alone was 986 thousand units happened.
In Turkey, 967 thousand 341 cars (including gasoline and diesel) were sold in the whole of 2023. In other words, China’s monthly sales of fully electric and hybrid cars have reached Turkey’s annual sales of gasoline, diesel, electric and hybrid cars.
Source :
https://electrek.co/2024/08/08/evs-and-phevs-outsell-gas-cars-in-china-for-the-first-time/
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