End of the boom: China's electric car market collapses

I m compared to the same month last year are the Electric car sales in China declined by more than 33 percent. There were 63,000 purely electric vehicles in September 2019 - a historic low that the China Association of Automobile Manufacturers reported. At the beginning of the year, the numbers looked even more rosy, because in the first quarter of 2019 the number of BEV registrations rose by a whopping 106.5 percent, while the automotive market stagnated overall. Where 36,000 electric cars were on the road in Europe, there were 185,000 in China in the same period.

AIWAYS

Electric cars are in China is still very popular. New models are constantly appearing, such as the Aiways U5.

So are the gold-digging days in the electrical sector over? Well, you can't quite say it - because fewer e-cars were sold because fewer e-cars were produced. The cut in government subsidies in China is primarily responsible for this. In March the government announced that the subsidy for e-vehicles with a range of less than 250 kilometers will no longer be granted. Furthermore, the money for cars with a range of more than 400 kilometers has been halved and at the end of next year the subsidy will finally be discontinued.

Replacement instead of supplement

With this policy, the government has an indirect effect on the Variety of offers and favors the category of electric cars that fit into the state's vision of a mobility transition. In China, the e-car should not complement the combustion engine, but replace it. Apparently you don't want any cheap products (or those with a short range)know the road, but also no oversupply of expensive luxury ships, whose clientele is relatively small (or those with a long range). Smaller manufacturers who had relied on government aid are thus being pushed out of the market. Most recently, the People's Republic had supported electric cars with 3.1 billion US dollars a year.

The subsidies for fuel cell cars will also be discontinued from 2021. This is due to the lack of a sustainable breakthrough despite the money that has flowed, as Spiegel quoted the Chinese Ministry of Finance. However, it will be some time before cars with fuel cells can be offered at competitive prices. Toyota Head of Marketing (Europe) Matt Harrison recently said in the course of the presentation of the new Mirai that it would take another ten years to get to the price level of contemporary hybrid cars.

You should now feel that they are doing something for e-car sales in Germany, you can find all the electric models that you can currently buy here in the picture gallery above.