Volkswagen is on track for its smallest year of China sales since 2012, according to CNBC analysis of public data for the first three quarters of the year.
I worked in China but left right after the initial pandemic lockdown in June 2020, back then I barely saw any electric cars on the streets (lived in a big second tier city, not 100% sure on cities like Beijing and Shanghai). Mostly buses and taxis were electric, and only partially.
Now I go on Youtube and look at footage of China’s streets and it’s completely changed.
I was in hangzhou in late 2019, and even back then I was surprised t the number of EVs. About half our taxis were EVs, all local brands. I also saw a mall dealership for XPENG, which were pretty impressive looking.
The Chinese government is pushing for green and renewable energy, it make perfect sense, they do not want to be dependent on oil/gas import. Also for the environment, the air quality is not great over there.
I believe one of my coworkers went back to China recently, and he told me even the buses are electric now.
There has been an explosion of EVs in China over the past few / couple years. Mind boggling. Its about 50/50 between ICE and new energy vehicles in cities like Shanghai in 2023 and probably will be 70/30 in favour of EVs in a couple more years.
I worked in China but left right after the initial pandemic lockdown in June 2020, back then I barely saw any electric cars on the streets (lived in a big second tier city, not 100% sure on cities like Beijing and Shanghai). Mostly buses and taxis were electric, and only partially.
Now I go on Youtube and look at footage of China’s streets and it’s completely changed.
I was in hangzhou in late 2019, and even back then I was surprised t the number of EVs. About half our taxis were EVs, all local brands. I also saw a mall dealership for XPENG, which were pretty impressive looking.
The Chinese government is pushing for green and renewable energy, it make perfect sense, they do not want to be dependent on oil/gas import. Also for the environment, the air quality is not great over there.
I believe one of my coworkers went back to China recently, and he told me even the buses are electric now.
There has been an explosion of EVs in China over the past few / couple years. Mind boggling. Its about 50/50 between ICE and new energy vehicles in cities like Shanghai in 2023 and probably will be 70/30 in favour of EVs in a couple more years.