Vehicle sales in China rose 11.6 percent in August. Electric cars benefited from government subsidy programs and stricter emissions standards.
The boom in electric cars and trucks pushed vehicle sales in China by 11.6 percent to 2.19 million in August.
Thanks to government subsidy programs and stricter emissions standards, the number of cars and commercial vehicles sold with alternative drives rose by 25.8 percent to 109,000, as the Chinese manufacturers’ association CAAM announced on Thursday. Vehicles with alternative drives include battery-powered electric cars, hybrid models that also have an internal combustion engine, and vehicles with hydrogen fuel cells.
The total number of commercial vehicles sold, which make up around a quarter of the market, rose by 41.6 percent. The background to this is government investments in infrastructure and the need for companies and other operators to comply with stricter emissions regulations with their trucks and buses. New registrations for cars increased by six percent.
Market growth of 11.6 percent in August was the fifth increase in a row over the past few months. In the course of the year to date, however, the Chinese vehicle market, with a total of 14.55 million units, is still 9.7 percent behind the previous year’s period due to the Corona restrictions in the spring.