{"id":75463,"date":"2024-08-08T16:12:24","date_gmt":"2024-08-08T20:12:24","guid":{"rendered":"https:\/\/autosector.com\/?p=75463"},"modified":"2024-08-08T16:12:24","modified_gmt":"2024-08-08T20:12:24","slug":"evs-and-phevs-outsell-gas-cars-in-china-for-the-first-time","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=75463","title":{"rendered":"EVs and PHEVs outsell gas cars in China for the first time"},"content":{"rendered":"
\n\t\"China-EV-PHEV-sales\"
\n\t\t\t\tBYD Yuan Up electric SUV (Source: BYD)\t\t\t<\/figcaption><\/figure>\n

EVs and PHEVs made up a record half of car sales in China in July, the first time this milestone was achieved in the world\u2019s largest auto market.<\/p>\n

<\/p>\n

Sales of EVs and PHEVs \u2013 what China calls new energy vehicles (NEVs) \u2013 jumped 37% year-over-year in July, achieving a record 50.7% of car sales, according to data from the China Passenger Car Association (via Reuters<\/a>). That\u2019s a rise of 28.6% from June, with a 14.4% jump in EVs.<\/p>\n

The rapid growth in China has been astounding \u2013 three years ago, NEV sales accounted for just 7% of total vehicle sales \u2013 and government incentives are making a big impact.<\/p>\n

China saw a total of 1.73 million passenger cars (including gas) sold in July 2024 \u2013 a 3.1% decrease year-over-year. So in order to boost car sales, in late July, the Chinese government doubled cash incentives for EVs to 20,000 yuan ($2,785) and made them retroactive to April, when they were first announced. <\/p>\n

Plus, NEVs are exempt from sales tax up to 30,000 yuan ($4,175) in 2024 and 2025. There\u2019s also the government scrappage scheme, which provides consumers who replace their gas cars with NEVs with 20,000 yuan ($2,540).<\/p>\n

Some cities are also relaxing car purchase restrictions. Beijing announced in July that it would expand its NEV license quota by 20,000, the first time it\u2019s done so since the capital city launched its strict car quota in 2011 to reduce air pollution and traffic congestion.<\/p>\n

Read more:<\/strong> China is building a mammoth 8 GW solar farm<\/a><\/p>\n

\n

If you\u2019re an electric vehicle owner, charge up your car at home with rooftop solar panels. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing on solar, check out<\/em> <\/em>EnergySage<\/em><\/a>, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it\u2019s free to use and you won\u2019t get sales calls until you select an installer and share your phone number with them.\u00a0<\/em><\/p>\n

Your personalized solar quotes are easy to compare online and you\u2019ll get access to unbiased Energy Advisers to help you every step of the way. Get started<\/em> here<\/em><\/a>. \u2013trusted affiliate partner*<\/em><\/p>\n

\n

FTC: We use income earning auto affiliate links.<\/em> More.<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

BYD Yuan Up electric SUV (Source: BYD) EVs and PHEVs made up a record half of car sales in China in July, the first time this milestone was achieved in the world\u2019s largest auto market. Sales of EVs and PHEVs \u2013 what China calls new energy vehicles (NEVs) \u2013 jumped 37% year-over-year in July, achieving […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/75463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75463"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/75463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75463"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}