China: Plug-In Car Sales Almost Doubled In August 2022

The passenger car market in China expanded by 29% year-over-year in August, thanks to registration tax reductions for some ICE models (engines below 2,000cc and price up to 300,000 CNY / $42,100), as well as ongoing growth of plug-in models. The plug-in electric car segment almost doubled compared to a year ago to a near