ECONOMY

EV Market

According to a market assessment published by the German Center for Automotive Research (CAR) on September 7, China is on its way to become the biggest market for electric vehicles (EVs) again by the end of the year.

In total, almost 400,000 fully electric cars and plug-in hybrids were sold in Europe in the first half of the year. In China, only 7,200 fewer electrified vehicles were sold in the same period, according to CAR.

In terms of sales of all-electric vehicles in the first half of the year, China was already a market leader while more plug-in hybrid cars were sold in Europe, it said.

China made a great leap in all-electric vehicles with