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China: Extending subsidies may not reverse EV decline

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Clips from an article about EV market in China but some interesting commentary about general post-Covid-19 markets:

 

"SHANGHAI -- Beijing, aiming to help the electrified-vehicle sector pull through the coronavirus outbreak, last month extended subsidies for full-electric vehicles and plug-in hybrids for two more years. 

Despite the extra support, electrified-vehicle sales likely will shrink more severely than the broader new-vehicle market in the near future. 

It’s already happening. Equally impacted by the viral outbreak, demand for electrified vehicles fell much more than overall new-car and light-trucks sales in March, as well as in the first quarter. 

In March, while China’s overall new-vehicle sales slipped 43 percent to 1.43 million, combined deliveries of new EVs and plug-in hybrids dropped 53 percent to about 53,000. 

In the first quarter, total new-vehicle sales dropped 42 percent to 3.67 million. Demand for new EVs and plug-in hybrids slumped 56 percent to 114,000. "

"With the global economy sliding into a recession, oil prices have tumbled. Prices of gasoline and diesel in China have dropped 27 percent and 30 percent, respectively, in the first three months.

For car shoppers, the sharp decline in fuel prices has undermined the appeal of subsidies on electrified vehicles. "

 

Full article here: https://www.autonews.com/china-commentary/extending-subsidies-may-not-reverse-ev-decline?utm_source=china&utm_medium=email&utm_campaign=20200416&utm_content=hero-readmore

 

All the better for the European EV builders if that means more available batteries in the west.

Demand is outstripping supply anyway and VW can not get their act together with software.. 

Then the plug in hybrid thing is a con anyway.

Unless the EU / Europe changes the upcoming requirement on lower average emissions from their vehicles registered / sold in Europe the manufacturers need to get on with their Light Hybrids, Plug ins and EV's once production resumes and sales restart.

I think a large chunk of the world won’t want to rely on China after this.

On 19/04/2020 at 10:51, Roottootemblowinootsoot said:

 

Impressive video about Shenzen, it is the future.  Roll on 150 kWh plus chargers and cars that can charge at these rates, apart from Teslas and exotics.

 

Hoping to see the MG sports car soon and it is about time we got a longer range version of the ZS EV.

I'd buy that for a sub £30k price.

 

 

 

Edited by lol-lol

I believe European car makers are busy standardising around 350kw charger standards.

 

Uk needs to get solar/batteries or three phase to the home.

 

 

 

 

While oil prices are going to put pressure on EV sales in the near term, I think that the buying public may have increased interest in them for other reasons. One thing I've noticed a lot since the lockdown kicked in is how quiet it is around here now, and how fresh the air is compared to when there was a lot of traffic on the roads. I was walking through the city centre yesterday and it was amazing not to smell ICE fumes: the change in smell was immediately noticeable when a single vehicle passed by. We may find new car buyers factoring that into their purchasing decision now that they've gotten a taste for it.

  • 3 weeks later...

We can’t go all electric as range would mean 3-4 charges on a regular round trip.
Hybrids are the worst of both, especially for that purpose.


I am pretty certain a 150ish mile electric will make a great second car now though.  Probably used most of the time where range is not an issue.

 

Just a shame hydrogen isn’t more readily available for fuel cell vehicles as then I would have that for the range journeys.

Edited by cheezemonkhai

@cheezemonkhai

Point 1. 

That's life.  If you are not going to get an EV with at least 250 mile range but do 750-1,000 mile round trips then not for you.

*With free Rapid Charging in Scotland with a ChargePlace card you could be doing the 1,000 miles with maybe 5 hours or less time spent of charging and saving over £100 on fuel not bought or even more,  that is not bad as in £20 in your pocket to spend killing time near a charging point.*

10,000 miles a year if using free charging saves £1,100 or more on fuel, free parking maybe, no VED, no Congestion charges, 

and if a business user a saving in taxes paid.

It is horses for courses,

 

Point2.

If your longer trips were based around Aberdeen and south of Edinburgh you would be OK for filling up with hydrogen.  But since you are not, then no use.

 

 

Edited by Roottootemblowinootsoot

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