New energy vehicle production in China December 2019

In December 2019, about 149,000 plug-in hybrids had been produced in China.

Rise of alternative energy vehicles

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 (BEV), hybrid electric vehicles(HEV), fuel cell electric vehicles (FCEV) and other vehicles powered by alternative fuels.

Government subsidy on new energy vehicles

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, particularly pure electric passenger vehicles (BEV).

New energy vehicle sales

Nevertheless, next to traditional automobile markets, the new energy vehicle market in China remains relatively small. In 2018, the market share of BEV and PHEV in China stood at less than five percent, with almost one million units of BEV sold annually compared to 0.27 million units of PHEV sold.

New energy vehicle production in China from December 2018 to December 2019

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Source

Release date

January 2020

Region

China

Survey time period

December 2018 to December 2019

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