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Chi to become world's biggest electric car market

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  7 Dec 2015 12:00 AM GMT

Beijing, Dec 6: Electric car sales in Chi are expected to reach 220,000 to 250,000 this year, surpassing the US to rank first worldwide, the Chi 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 Chi has achieved rapid development in electric vehicles, quality instead of quantity should be focused on for the sustaible development of the industry, Xinhua news agency reported on Sunday citing Xu.

Chi’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. (IANS)

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