"Sales of fossil fuelled vehicles are now on the decline in the world’s three largest auto markets, and being replaced by electric vehicles. Fossil car sales will only decrease from here on out. EVs for the win!
In the world’s largest auto market, China, total light duty vehicle (LDV) sales declined in 2018 relative to 2017. This was the first year-on-year drop since 1992. Yet, in this shrinking overall auto market, EV sales (including BEVs and PHEVs) almost doubled in volume to 1.1 million, from 600,000 in 2017.
We can very likely expect China’s EV sales volume to again almost double in 2019, and approach 2 million units. Depending on what happens to combustion vehicle sales, EVs will likely take at least 7–8% market share. It’s very easy to steal market share when your nemesis is declining in absolute terms."
Maximilian Holland reports for CleanTechnica February 16, 2019.
SEE ALSO:
"As More Electric Cars Arrive, What's The Future For Gas-Powered Engines?" (NPR)
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