China sold 777k new-energy vehicles – plug-in and electric vehicle – in 2017, a whopping 53% increase over 2016, according to Green Car Reports.
The massive growth in plug-in and electric vehicle sales can be attributed to government subsidies that support domestically produced models. Of the total new-energy vehicles cold, 579k are passenger vehicles. The remaining sales are commercial vehicles, such as electric buses and delivery trucks.
Yet, the total number of NEV’s sold in the country represents just a drop in the bucket – 2.7% – of China’s total vehicle market, which reached 28.9 million vehicles last year.
In comparison, U.S. sales reached 17.2 million vehicles in 2017, of which between 190 and 200k were either electric or plug-in hybrid vehicles.
Meanwhile, EVs and PHEVs are expected to contribute to just under 1% of overall sales volume in Canada.
The growth of plug-in and electric vehicles sales in China exploded in the second half of 2017.
Toward the end of December, China announced it would extend incentives on NEVs into 2020, which is almost guaranteed to further fuel electric-vehicle sales growth there.