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In another milestone month in China, Plugin Electric Vehicles capture 21% of the auto market

News Snapshot:

Plugin vehicles in China saw another record month in December, with sales increasing by 125 percent year over year (YoY) to a total of 502,000 units. In December, full electric vehicles (BEVs) accounted for 83 percent of the plugin market, slightly higher than the 81 percent average in 2021. Last month, the percentage of plugins reached a new high of 21% (17 percent BEV), bringing the 2021 share to 15%. (12 percent BEV). This was more than double the 6.3 percent result in 2020. (5.1 percent BEV). The organic need is what is propelling the market up in 2022, with…

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