CleanTechnica•about 1 month ago
The Big ICE Meltdown — May’s China EV Sales Report
- •China's May EV sales reached a record 63% market share, while ICE vehicle sales crashed 39%, driven by high gas prices and a wave of new EV models.
- •This rapid shift signals a substantial and accelerating increase in electricity demand, impacting grid load profiles and requiring significant new generation and transmission capacity.
- •For developers, this implies growing opportunities in generation, grid infrastructure, and charging solutions; for large power consumers, it necessitates long-term energy procurement and infrastructure planning to accommodate increased grid stress.
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