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New energy vehicle production in China December 2018

New energy vehicle production in China from December 2017 to December 2018

by Statista Research Department, last edited Sep 23, 2019
New energy vehicle production in China December 2018 This statistic shows the monthly production volumes of new energy vehicles in China from November 2017 to November 2018, by type. In November 2018, about 38,000 plug-in hybrids had been produced in China.
New energy vehicle industry in China – additional information

Faced with a rising demand for energy and an increasing amount of environmental issues in recent years, the new energy vehicle market has become one of the fastest-growing markets in China. New energy vehicles refer to vehicles that are partially or fully powered by electricity. They include battery electric vehicles, hybrid electric vehicles, fuel cell electric vehicles and other vehicles powered by alternative fuels.

In 2012, the Chinese government set plans to develop the new energy vehicle market, aiming at sales of 500,000 new energy vehicles by 2015 and five million by 2020. Fuelled by purchase incentives, new energy vehicle production exhibited a growing trend for all types available. As shown in the graph above, new energy vehicle production in China has reached 21,400 up to December 2018.

Nevertheless, next to traditional automobile markets, the new energy vehicle market in China remains relatively small. In 2017, total automobile sales in China had reached over 2.89 nillion units. To encourage market competition and achieve better prices for consumers, the Chinese government set out plans in 2015 to reduce subsidies on new energy vehicles.

Further information on electric mobility can be found here.
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New energy vehicle production in China from December 2017 to December 2018

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