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China to dominate e-vehicle market by year-end


China is on its way to become the biggest market for electric vehicles (EVs) by the end of the year, according to a market assessment published by the German Center for Automotive Research (CAR).

Sales of electrified cars in the first half of the year were slightly higher in Europe but the “(Elon) Musk factor” would support the development of the Chinese market, which would not give up its leading position in the electric car market for the next 50 years, according to the CAR forecasts.

In total, almost 400,000 fully electric cars and plug-in hybrids were sold in Europe in the first half of the year. In China, only 7,200 fewer electrified vehicles were sold in the same period, according to CAR.

China made a “great leap” in all-electric vehicles with Tesla as the Tesla Shanghai gigafactory contributed sales of almost 50,000 fully electric cars in China in the first half of this year.

Thanks to high purchase premiums for electric cars in many European countries, sales of fully and partially electric vehicles in Europe “picked up significantly,” the CAR noted.



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