Is Tesla the Only Major EV Maker Able To Get Strong Sales Without Subsidies?

China cut subsidies on electric cars which caused a 46% drop in October 2019 electric car sales versus October 2018. Global electric car sales were down 28%. The rest of the world had a 3% increase in electric car sales in October, 2019.

China electric car sales were ~65,000 in October 2019 (down from 77,000 in Sept 2019), down 46% on October 2018. Electric car market share in China for October was 3.5%, and 5.5% YTD.

China Using Less Carrot and More Stick to Get Rid of Polluting Cars for EV

China is still phasing in the elimination of combustion engine cars by about 2030.

China unveiled a comprehensive set of emission rules and delayed a credit-score program tied to the production of electric cars, giving automakers more time to prepare for the phasing out of fossil-fuel powered vehicles in the world’s largest auto market.

Under the so-called cap-and-trade policy, automakers must obtain a new-energy vehicle score — which is linked to the production of various types of zero- and low-emission vehicles — of at least 10 percent starting in 2019, rising to 12 percent in 2020, the Ministry of Industry and Information Technology said on its website. The rule applies to carmakers that manufacture or import more than 30,000 traditional vehicles annually, and those who fail to comply must buy credits or face fines.

China may extend its high level 'New Energy Vehicle' targets to 2035. Updated targets would be::
2025: 20% of sales (already established)
2030: 40% of sales
2035: 60% of sales
Not finalized yet, but would be huge for EVs.
The direction of travel is clear.

— Colin Mckerracher (@colinmckerrache) September 6, 2019

China may extend its high level ‘New Energy Vehicle’ targets to 2035. Updated targets would be::
2025: 20% of sales (already established)
2030: 40% of sales
2035: 60% of sales
Not finalized yet, but would be huge for EVs.

Overall China car sales of all kinds of vehicles was down.

Brian Wang

Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.

He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You.  He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.

He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.

He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech,  agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.