By Dr. Maximilian Holland | CleanTechnica Report
Sales of fossil fuelled vehicles are now on the decline in the world’s three largest auto markets, and being replaced by electric vehicles. Fossil car sales will only decrease from here on out. EVs for the win!
China, The World’s Largest Auto Market
In the world’s largest auto market, China, total light duty vehicle (LDV) sales declined in 2018 relative to 2017. This was the first year-on-year drop since 1992. Yet, in this shrinking overall auto market, EV sales (including BEVs and PHEVs) almost doubled in volume to 1.1 million, from 600,000 in 2017.
According to China’s Association of Automobile Manufacturers (CAAM), total LDV sales in 2018 were down to 28.08 million from 28.88 million in 2017, a drop of 800,000 units, or 2.76%. However, since EV sales increased by some 500,000 units year on year, we can conclude that fossil fuelled LDV sales fell by 1.3 million units, down an even more significant 4.6%.