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Despite the Covid and shortages of essential semiconductors in industrial manufacturing, the automotive market in China is recovering, boosted by electricity, according to an Automobile Federation.
Sales of so-called clean vehicles tripled last year in China, with nearly 3 million electric, hybrid and hydrogen cars sold. According to the Chinese Federation of Individual Car Manufacturers, this is thanks to the boost offered to consumers in purchasing a green vehicle.
The Federation also forecasts an increase in sales of these clean vehicles next year, more than five and a half million. It is true that these subsidies have been reduced by 30% since January 1 and that they will disappear completely next year.
►Also read: Chinese auto sector grows against global trend
An achievable goal?
As the world’s leading polluter, the country also aims to achieve 100% non-polluting vehicles by 2035. And it is investing the means. The Middle Empire strategically took the electric turn years ago, instead of trying to catch up in the traditional sector.
Many local brands BYD, SAIC-GM-Wuling, Geely, XPeng, or even Nio, have become serious rivals of the American Tesla. BYD, which manufactures cars but also buses, has also electrified the entire city of Shenzhen, in the south-east of the country.
►Also read: China: the end of subsidies for the purchase of an electric car
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