CleanTechnica•about 2 months ago
A Tale of Two Markets — BEVs Up 20% YoY & PHEVs Down 10% YoY in China
- •China's EV market shows a significant divergence, with Battery Electric Vehicles (BEVs) growing 20% year-over-year while Plug-in Hybrid Electric Vehicles (PHEVs) declined 10% year-over-year, indicating a strong market and policy preference for fully electric transport.
- •BEVs now represent 36% of the total Chinese car market, and despite overall plugin growth slowing to 7% YoY, this trend signifies a substantial and sustained increase in electricity demand from the transportation sector.
- •For developers and large power consumers, this signals a growing, long-term load profile that requires strategic planning for new generation capacity (e.g., renewables, storage), grid infrastructure upgrades, and potential demand-side management solutions to accommodate evolving charging patterns.
storage