Electric vehicles are slowly taking over short distant transport. From in based transit in cities to cross-regional migration, the use of electric vehicles is quickly gaining ground. This trend is more evident in technologically advanced countries that embrace industrial change. Such a country is China.
The electric vehicle craze in China is perhaps one offer the fastest growing industries in the world. Recent developments have placed the industry in good light globally. If the current EV trends are to continue, the country will see an exponential increase in EV sales.
As of 2020, EV sales in China are increasing, especially in March’s sales statistics. However, in February, it was low due to the coronavirus outbreak. The sales in March lays hope for the manufacturers to produce more. This effect relays hope that the citizens have survived the coronavirus pandemic.
In February, BYD sold about 2800 electric vehicles and hybrids. However, in March the number has risen to 12000. At such a time last year, the cars sold were over 30000 depicting the fact they have a lot to do. It is, however, good news given the majority of the customers are recuperating from the impact of the coronavirus pandemic.
In the prior months, when the Chinese government opted to slash EV incentives last year, the sales plunged as a result. For this reason, the government is currently looking into the idea of keeping some of those incentives. The government also plans to check on the emission control standards until the economy recovers.
Xin Guobin, China’s industry vice-minister, states that China plans to integrate the new electric vehicles with the related policies. This move is to ensure the healthy development and growth of the automobile industry.
NIO, another electric car manufacturer, has also experienced challenges due to the coronavirus outbreak. NIO recorded a rise in sales in March of approximately 1600 cars, which is higher than in the previous months. These cars include ES6s, high-performance electric SUVs, and 6-seater variants.
NIO’s CEO, William Bin Li, retorts that the production increase in March results from the invaluable support from their chain partners. He further adds that online company activities are boosting sales. In-store visits by customers are also on the rise, therefore, replenishing profits. The CEO also thanked the government for their unrelenting support to ensure the automobile industry survives.
In conclusion, the auto industry all over the globe is open to any glimmer of hope. One such encouragement is the sales of Tesla Model 3 from China. The sector appreciates these trends, especially during current trying times.