The car market of China has been falling for 15 consecutive months, and the PEV market – the third month in a row

14 October 2019

The Chinese market electric cars and hybrids has fallen in September to the third by a waning subsidies

The market of new cars in China declining for the 15th consecutive month, and sales dropped in September to 2.27 million or 5.2% compared to the same period last year, as the weakening of the country's economy continues to exert downward pressure on the market for a new car.
According to the China Association of automobile manufacturers (CAAM), in the past month the supply of new passenger cars decreased by 6.3%, amounting to only about 1.93 million
Weak demand for passenger cars could not be compensated by a slight growth in sales of new commercial vehicles.
In September the supply of new commercial vehicles, including trucks and buses, rose by 1.9% and amounted to about 340 thousand
For the first nine months new car sales in China fell by 10% compared to the same period last year, amounting to 18.4 million
In January-September deliveries of new cars fell by 12% to 15.25 million, while sales of new commercial vehicles fell by 3.4% to 3.12 million.
The demand for electrified vehicle (PEV) falling for the third month in a row after 25 June this year, Beijing has completed a new round of reductions in subsidies for these categories of vehicles with the aim of phasing out of the subsidy program by the end of 2020.
Last month the total sales of BEV and PHEV fell by 34% and amounted to about 80 thousand, This amount includes about 63 thousand BEV and PHEV is about 17 thousand.
For the first three quarters of the total PEV sales in China is still showing a growth of 21% and amounted to 872 thousand, including approximately 692 thousand 179 thousand BEV and PHEV, as well as 1251 electric on fuel cells (FCEV).

P.S. Beijing clearly wishful thinking, considering that the implementation of the "cars on alternative energy sources", i.e. PEV he has in his pocket (by the way, this theme is one of seven strategic sectors for the economic development of China by 2025) and consumers like a lamb going to buy is still too expensive for them electric cars, without any subsidies is only due to the transition the most advanced models of BEV 400-kilometer mark of the run on one battery charge. But the reality is, however as always, proved stronger than any expert calculations – electric vehicles and plug-in hybrids was still too expensive for direct competition with conventional gasoline vehicles. So that the example is hurried to a sharp curtailment subsidies China shows that the "point of no return" for a PEV is much higher penetration level, and in relation to the achievement of "strategic initiatives" Beijing is fed illogical. Now the car market of China has lost the last anchor that supported the sale and to what "skirting" now he will collapse is not clear. 
P. P. S. Beijing would be worth less carried on propaganda and PR, as well as purely administrative resource, but more on more accurate monitoring of the market (the wishes of the owners) and the fine-tuning of the financial instruments in each metropolis. Now the failure of the PEV market, gives hope that Beijing will quickly adjust its policy to support this market, however, in the context of a serious slowdown of the PRC economy to do so it will be much harder... 
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