China’s new energy vehicles sales quadruple in 2015

Gasgoo.com (Shanghai Jan 14) - New energy vehicles sales in China jumped to 331,000 units in 2015, 3.4 times more than that of a year earlier, market share increasing from 0.32% to 1.3%, according to official statistics released by China Association of Automobile Manufacturers.

China’s overall vehicles sales reached 24.6 million units in 2015, increasing 4.68% year on year, growth rate dropping 2.2 percentage points. But new energy vehicles soared in China last year especially in November and December, when sales nearly competed with the accumulative sales in the first ten months. The country’s vehicle sales in the first ten months in 2015 almost tripled to 171,100 units.

Boosted by haze governance and emission restriction, new energy vehicles became increasingly in great demand for Chinese consumers, especially in urban areas. But faced with three major challenges of dependence on boosting policy, after-sales services like charge and battery change and fierce competition from foreign automakers, new energy vehicles industry in China still had a long way to go.