SHOCKER! Consumers In Asia Aren't Yet Convinced That Electric Cars Are The Future.

Investments and plans express optimism in an electric-car filled future, the short term figures suggest consumers are not yet convinced.

China announced last week disappointing sales of new energy vehicles, including all electric, fuel-cell and plug-in hybrid models, which declined by 23.5% to 82,000 units in May. This was despite a 14.5% annual growth in overall vehicles sales to 2.194 million units in China in the same month, bolstered by the government's incentives.

In China's case, the market has been dogged by government U-turns on subsidies for customers, which has hit consumer confidence. But nor is there any clear sign of expansion in other major markets such as Japan and India.

Read Article

Foncool - 6/20/2020 7:03:56 AM

+2 Boost

Outside of the land of Fruits and Nuts, consumers in the USA have little interest in them either.

MDarringer - 6/20/2020 9:40:05 AM

+2 Boost

Amen

qwertyfla1 - 6/20/2020 7:38:58 AM

+2 Boost

Hong Kong is the exception to this rule as Teslas are as commonplace as working gals. That will likely change as lots of the wealthy are leaving as Beijing strips away the common-law entitlements of the citizens. One country 2 systems my ass.

PUGPROUD - 6/20/2020 9:50:45 AM

+2 Boost

The combination of limited off road parking spaces for home charging, limited public charging stations and high density apartment dwellings make it more difficult to convince Asian and Indian consumers of the benefits of electric cars.

TomM - 6/20/2020 7:38:54 PM

+4 Boost

If you have no place to charge your Batteries - there are NO benefits of EVs as Transportation - and they are a little expensive everywhere to be used as paper weights.

skytop - 6/21/2020 9:33:24 AM

0 Boost

I thought the Chinese all ride bicycles or walk.