China BEV Share Climbs, U.S. Share Falls in Q3


   
Daniel Rodriguez Huerta
DTN Refined Fuels Market Reporter

   CALGARY, CANADA (DTN) -- Battery electric vehicle (BEV) sales in China 
slipped 0.4% to about 2.11 million in the third quarter (July-September) from a 
year earlier, while their share of passenger car retail sales rose to 45.7% 
from 35.0%, China Passenger Car Association (CPCA) data showed. 

   U.S. BEV sales fell 39.5% to 262,649 in the quarter and their share of 
new-vehicle sales dropped to 6.4% from 10.5%, Cox Automotive said.

   In September, new-energy vehicles (NEVs), which include BEVs, plug-in 
hybrids and extended-range vehicles, made up a record 67.0% of China's 
passenger car retail sales, up 9.1 percentage points from a year earlier and 
above August's 65.2%, while BEVs were 47.3%, up from 36.9%. The U.S. BEV share 
in September was 6.5%, down from 11.5% a year earlier, Cox said.

   China's September NEV retail sales fell 17% to 1.084 million from about 1.3 
million as passenger car retail sales dropped 28% to 1.618 million from about 
2.24 million. NEV exports jumped 164% to 558,000.

   Higher gasoline prices tied to the Iran war and Strait of Hormuz disruption 
cut combustion-engine car sales in China 43% from a year earlier in September, 
CPCA said.

   U.S. BEV sales fell 40.7% to 86,632 in September from 146,076 a year 
earlier, when buyers rushed ahead of expiring tax credits, while new-vehicle 
sales were forecast up 6.5% at 1.35 million, Cox said.

   Third-quarter passenger car retail sales in China totaled about 4.62 
million, down 24% from about 6.06 million, while US new-vehicle sales were 
forecast at 4.12 million, down 0.7%, Cox said.




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