Quote:
Originally Posted by Street Pharmacist
It's not a small fraction, it's literally half of the entire market. While sales are decreasing in China, they're decreasing by 10-15%. Tesla was barely in China as importing them was very expensive. They were maybe 5-6% before this, and will assuredly be much higher after
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New Energy Vehicles in China were about 5.25% of the Chinese auto market in H1 of 2019, before the subsidy cuts began to bite:
https://chinaenergyportal.org/en/201...gy-statistics/
In September, while the passenger market fell by 6% to 1.9M, new energy vehicles fell 34% to 80,000.
https://www.japantimes.co.jp/news/20.../#.XbEW8ppKhjE