China hopes new energy vehicle (NEV) sales can reach around a quarter of all car...
FILE PHOTO: A charging cable is seen hooked to a car at a State Grid Corporation of China charging point for electric vehicles in Beijing, China March 3, 2018. REUTERS/Stringer
China’s market for NEVs - which include plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel cells - has been a bright spot in an otherwise lackluster car market, with sales jumping 62% last year, versus a 2.8% drop in all car sales. China sold a total of 28.1 million cars in 2018, including 1.3 million NEVs, according to the China Association of Automobile Manufacturers, so NEV sales were 4.6% of the overall market.
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