Mexico PHEV Scrappage 
The Truth About Cars
AUGUST 9, 2024
Chinese car buyers are among the most prolific EV and PHEV buyers in the world, and the country recently saw their sales numbers eclipse those of gas vehicles for the first time. Buyers do not pay sales tax on NEV purchases, and people who replace gas cars with an electrified model can receive a scrappage credit.
The Truth About Cars
AUGUST 9, 2024
Chinese car buyers are among the most prolific EV and PHEV buyers in the world, and the country recently saw their sales numbers eclipse those of gas vehicles for the first time. Buyers do not pay sales tax on NEV purchases, and people who replace gas cars with an electrified model can receive a scrappage credit.
Baua Electric
NOVEMBER 25, 2024
PHEVs popular in China China’s EV boom continued in 2022 with the powertrain’s share hitting 26.7% The government set a target for new energy vehicles (NEVs) sales, including battery-electric vehicles (BEVs), plug-in hybrids (PHEVs) and fuel-cell electric vehicles. The market’s swing towards PHEVs, from 18.3% up from 13.9%
Baua Electric
JANUARY 6, 2025
The global EV share forecast has been upgraded to 20.4%, accounting for battery-electric vehicles and plug-in hybrids (PHEVs). Assuming normal scrappage rates, EV Volumes forecasts it will take until 2042 for half the global fleet to be electric. The country has seen an uptick in PHEV sales over the last few years.
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