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EVs And PHEVs Outsell Gas Cars In China For The First Time
09 Aug 2024 | Abstracted from Electrek
"Sales of EVs and PHEVs – what China calls new energy vehicles (NEVs) – jumped 37% year-over-year in July, achieving a record 50.7% of car sales...That's a rise of 28.6% from June, with a 14.4% jump in EVs.
"...in late July, the Chinese government doubled cash incentives for EVs to 20,000 yuan ($2,785)..There’s also the government scrappage scheme, which provides consumers who replace their gas cars with NEVs with 20,000 yuan ($2,540)."
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