Data Shows That China is Buying More Electric Cars Than Anyone Else: Report

© Getty Images

By Alejandra O'Connell-Domenech, The Drive

China boasts the largest number of electric cars sold in 2017, according to a report from Forbes.

Last year, over one million electrified cars were sold around the world. The number of Nissan Leafs, Teslas, and other electric vehicles in circulation worldwide is more than three million, which is a 50 percent increase over 2016.

China bought 579,000 electric vehicles, beating the United States' figure of 198,350.

The country’s electric car boom comes as a result of China grappling with pollution and climate change worries. In addition, leaders want to move away from gasoline as the nation’s dependence on foreign oil has been viewed as a strategic vulnerability, per various reports. China is even considering ending the production and sale of gasoline-powered vehicles in the future.

Currently, China is incentivizing the purchase of electric vehicles and hands a 10 percent tax rebate to NEV buys. Provincial governments are reportedly providing subsidies to EV buyers as well.

The populous nation is also bringing in tougher emissions rules and introducing quotas for 2019 that will force manufacturers to buy credits or face fines if they miss zero and low-emission targets for cars. Battery powered cars are taking up most of the demand as there are more subsidies for them than hybrids.

Previously, China aimed to become a global motor hub for gasoline vehicles but was unsuccessful. According to Bloomberg, there is greater chance that China will become a manufacturing contender with electric vehicles due to the expected surge in Chinese demand. The industry’s youthfulness might also help.

COMMENTS





Name

Accessories,1,Auto Insurance,1,Auto Show,13,Autos,410,Autos News,5,Barn Finds,1,Buying,1,Car Shows,1,Car Tech,1,Certified Pre-Owned Vehicles,1,Chicago Auto Show,1,Classic Cars,11,Consumer Electronics Show,1,Customs & Classics,1,Detroit Auto Show,1,Driving,1,Enthusiasts,27,Frankfurt Motor Show,1,Fuel Economy,1,Gearheads,1,Geneva Motor Show,1,Hot Rod Power Tour,1,Imports,1,Just For Fun,2,Los Angeles Auto Show,1,Maintenance,1,Motorcycles,17,Motorsports,1,Muscle Cars,1,Muscle Cars & Hot Rods,1,New Bikes,1,New Car Deals,1,New York Auto Show,1,News,47,Ownership,10,Paris Motor Show,1,Pebble Beach Concours d'Elegance,1,Recalls,1,Research,9,Reviews,1,SEMA Show,1,Shanghai Auto Show,1,Sports and Exotics,1,Sports Cars,1,Supercars,1,Tech,1,Tokyo Motor Show,1,Trucks,1,
ltr
item
Autos - U.S. Daily News: Data Shows That China is Buying More Electric Cars Than Anyone Else: Report
Data Shows That China is Buying More Electric Cars Than Anyone Else: Report
https://2.bp.blogspot.com/-ekBmXSf6UmM/Wx4ToGyXFxI/AAAAAAAAPY8/PDfn7d99L_gQUBN8_me2md4FPo0bgzCcQCLcBGAs/s1600/1.jpg
https://2.bp.blogspot.com/-ekBmXSf6UmM/Wx4ToGyXFxI/AAAAAAAAPY8/PDfn7d99L_gQUBN8_me2md4FPo0bgzCcQCLcBGAs/s72-c/1.jpg
Autos - U.S. Daily News
https://autos.dailynews.us.com/2018/06/data-shows-that-china-is-buying-more.html
https://autos.dailynews.us.com/
https://autos.dailynews.us.com/
https://autos.dailynews.us.com/2018/06/data-shows-that-china-is-buying-more.html
true
7329154058020919259
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy