China Registers 37% Surge in Domestic EV Sales in March
A report from CnEVPost.com revealed that domestic electric vehicle sales in China surged by 37% in March. China leads the world in electric vehicle sales thanks to its massive population’s demand for electric vehicles, and a fiercely competitive industry that has kept electric cars low cost and affordable for a majority of the population. Compared to drivers in Western countries, Chinese drivers are purchasing new energy vehicles such as plug-in hybrid electric vehicles (PHEV), battery electric vehicles (BEVs), and hydrogen fuel cell cars at an incredibly rapid pace. CnEVPost.com reports that this resulted in a 37% increase in electric vehicle…