Scare stories about man-made global warming or even city pollution cut little ice with Chinese car buyers. The high cost of battery power and/or fear of running out of it on their journeys – range anxiety – seem more of a concern.
Automakers face a dilemma in China’s huge but crowded market: Regulators are pushing them to sell electric cars, but buyers want gas-guzzling SUVs, says Phys.org.
The industry is rattled by Beijing’s proposal to require that electric cars make up 8 percent of every brand’s production as soon as next year. Consumers are steering the other way: First-quarter SUV sales soared 21 percent from a year earlier to 2.4 million, while electric vehicle purchases sank 4.4 percent to just 55,929.
“It’s tough for someone with an EV to come and take away market share from SUVs,” said Ben Cavender of China Market Research Group.