Tuesday, April 23, 2024
Advertisement
  1. You Are At:
  2. News
  3. World
  4. China to become world's biggest electric car market

China to become world's biggest electric car market

Beijing: Electric car sales in China are expected to reach 220,000 to 250,000 this year, surpassing the US to rank first worldwide, the China Association of Automobile Manufactures (CAAM) has forecast.Worldwide electric cars sales will

IANS IANS Updated on: December 06, 2015 18:24 IST
china to become world s biggest electric car market
china to become world s biggest electric car market

Beijing: Electric car sales in China are expected to reach 220,000 to 250,000 this year, surpassing the US to rank first worldwide, the China Association of Automobile Manufactures (CAAM) has forecast.

Worldwide electric cars sales will hit 600,000 and the figure for the US market is estimated to be 180,000, said Xu Yanhua, deputy secretary-general of CAAM.

Although China has achieved rapid development in electric vehicles, quality instead of quantity should be focused on for the sustainable development of the industry, Xinhua news agency reported on Sunday citing Xu.

China's new energy vehicle sector has seen an explosive growth in the past two years, due to the government's support policies including subsidies and tax cuts.

In the first ten months, the sales of electric cars surged 290 percent year on year to 171,145, CAAM data showed.

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from World

Advertisement
Advertisement
Advertisement
Advertisement