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.

Chinese 104

Chinese PHEV Gas Scrappage 104

Green Car Congress

MARCH 29, 2019

This was largely because February marked a month of uncertainty for many of the bigger European markets, such as Spain, where registrations fell by 10% amongst political turmoil, and the Netherlands, where a change in tax on pure electric vehicles contributed to the 15% drop in overall registrations.

Market 220

Market Netherlands Denmark Spain 220

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.

Acura 104

Acura Scrappage Concept SUV 104

Baua Electric

AUGUST 8, 2024

BYD Yuan Up electric SUV (Source: BYD) EVs and PHEVs made up a record half of car sales in China in July, the first time this milestone was achieved in the world’s largest auto market. Sales of EVs and PHEVs – what China calls new energy vehicles (NEVs) – jumped 37% year-over-year in July, achieving a record 50.7% Get started here.

PHEV 52

PHEV China Gas Scrappage 52

Baua Electric

MARCH 12, 2025

Regional inconsistencies EV adoption, including BEVs and plug-in hybrids (PHEVs) is not consistent across Europe. This is thanks to recent governmental incentives, with a scrappage scheme up for consideration as well. On top of this, TCO is calculated by including any finance and acquisition costs, including registration tax or VAT.

Store 52

Store Europe Spain PHEV 52

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. Consumer tax credits from the IRA and the leasing loophole could be affected.

Global 52

Global Market North America PHEV 52