Hyperdrive
China Electric Car Sales Forecast to Hit Record 6 Million
- Industry body increases estimate from initial 5.5 million
- New-energy vehicle sales set to double from last year
This article is for subscribers only.
Electric vehicles sales in China are forecast to hit a record 6 million this year as demand for cleaner cars surges.
The China Passenger Car Association raised its estimate from 5.5 million, after releasing data showing deliveries of new-energy vehicles more than doubled in July to around 486,000 units -- accounting for 26.7% of the new auto market. Overall passenger vehicle sales rose 20% from a year earlier to 1.84 million units, the PCA said Tuesday.