Skip to main content

Chinese demand for EVs is growing

Demand for electric vehicles (EVs) is growing in China. A report from the Shanghai Daily said that data from the China Association of Automobile Manufacturers showed EV sales reached 90,000 units, 131% higher in January-April 2016 than for the same period in the previous year. Demand for EVs is particularly strong in the major Chinese cities. Vehicle buyers in Beijing have to submit a request for a vehicle registration. Official data shows that applications for EV registrations reached 17,600, an increase o
June 14, 2016 Read time: 2 mins
Demand for electric vehicles (EVs) is growing in China. A report from the Shanghai Daily said that data from the China Association of Automobile Manufacturers showed EV sales reached 90,000 units, 131% higher in January-April 2016 than for the same period in the previous year. Demand for EVs is particularly strong in the major Chinese cities. Vehicle buyers in Beijing have to submit a request for a vehicle registration. Official data shows that applications for EV registrations reached 17,600, an increase of 5,000 over the previous round of applications. According to the Beijing Times, the city authorities have set a quota of 60,000 new EV registrations for 2016, with this expected to be completely used up by the next round of applications ending in August 2016. So far this year, 25,424 new EVs have been registered in Beijing.

The Chinese Government is encouraging vehicle customers to opt for EVs in a bid to help tackle air pollution in the major cities. The country’s auto manufacturers are also now amongst the global leaders in developing new EV models.

Related Content

  • XCMG reveals path ahead
    September 30, 2024
    Chinese construction machinery giant XCMG has revealed the path ahead.
  • Global construction machinery market to rise
    January 20, 2022
    The global construction machinery market looks set to rise to US$250 billion by 2025.
  • BICES Beijing; China bouncing back
    November 13, 2017
    At the BICES exhibition in Beijing, it was clear that the Chinese construction market has bounced back - Mike Woof writes. Demand for construction machines is now improving in China once more, with the backlog of unsold or nearly new secondhand units having been absorbed. This was apparent at the recent BICES construction machinery exhibition held in Beijing, where firms were more bullish than in previous years.
  • Deutz forecasts 2014 revenue growth after 2013 was “encouraging year”
    March 20, 2014
    Deutz is forecasting low double-digit revenue growth in 2014 after describing 2013 as an “encouraging year” for the German company. Last year saw improvements in all the diesel engine manufacturer’s key performance figures, despite the sluggish global market. And the company says tipped 2014 revenue growth is likely to be coupled with a moderate improvement in the EBIT margin excluding one-off items, which the firm expects to rise to above 4.0%. In 2013, the Deutz Group received orders worth €1,649.7 mil