Top German carmaker VW has reported a 26% year-to-date rise in fully-electric car sales in China—offset by a fall in sales, also of 26%, of the same products in the United States. Sales in Europe also fell, by 14%.
The gap is widening, third quarter figures reveal. VW, maker of luxury brands Porsche and Audi, saw fully electric vehicle Q3 sales grow in China by 5.2% – compared to a 41 per cent Q3 drop in the US. This leaves the company global sales down 9.8% to 189,400 cars for Q3.
It’s unclear why the transition from fossil fuel cars to clean energy ones is so dramatically more successful in China than in the west, but likely involves a range of factors. (CEN: Perhaps Chinese socialism?)
Source: Fridayeveryday, October 12, 2024. https://www.facebook.com/fridayculture/posts/pfbid024FcLZdNR5UN1Nrehz8tQFQGs3XtPzVVd3KSDZd4kxqywbkkozdn1N7sdiEK6PUTFl