The China Association of Automobile Manufacturers said this week that companies likely will sell 700,000 electric cars in China in 2017. That’s an estimate based on the latest monthly sales figures for September, which hit 77,000, and brought the year’s total EVs sold in China to 398,000 so far. The last three months of the year historically have the best sales of electric cars in the country.
Compare the annual sales figure to the around 500,000 electric cars sold in China last year, according to CAAM, and that’s substantial growth. Other groups, like the International Energy Agency, put the number of electric cars sold in China last year a bit lower.
While China has spent billions of dollars on subsidies to promote electric cars, this year the country has reduced its subsidies for the vehicles by 20%, and hopes to eliminate the subsidies entirely within a decade. Big incentives have led to major growth, but also some accusations of cheating on green government programs.
https://www.greentechmedia.com/articles/read/electric-cars-in-china-are-on-track-for-a-record-year