China Changing The Auto World, Germany Lagging

A report by the Center for Automotive Research at the University of Duisberg-Essen in Germany predicts the market for new cars in China will exceed 30 million vehicles a year by 2025 and it expects EV sales to make up 30% of that figure. In 2016, EV sales in China amounted to 2.1% of sales. While that number is minuscule in the overall scheme of things, it is still double that of other countries. In China, plug-in hybrids and fully electric cars are known as “new energy vehicles.” The CAR report counts both types in its EV sales calculation, according to Forbes

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