Despite disheartening global sales figures, Tesla is seeing a promising trend in China.
As the electric vehicle-focused business blog EV reported, Tesla‘s sales in China more than doubled in the second week of October. With 11,300 vehicles registered that week, it’s a significant trend since registrations typically drop at the start of new months and quarters.
However, the week’s sales also build on a pattern of steadily rising Tesla sales in the country since mid-August. Recently, Tesla has been outperforming Leapmotor and Aito in China in weekly sales.
EV noted that the fourth quarter will be the last chance for Chinese customers to buy an electric vehicle before they’re hit with a new 5% purchase tax. Therefore, drivers may be rushing to buy new Teslas and other EVs to avoid the surcharge.
Tesla vice president for China Grace Tao shared that the company has begun an «intensive production ramp-up» at the Shanghai plant to ensure customers «can receive their cars as soon as possible.»
The base versions of many Tesla models qualify for a full tax break in China.
This news is encouraging for the EV automaker, environmentally conscious drivers, and the planet more broadly.
When you ditch your polluting gas-powered car for an EV, you save money on gas and routine maintenance while contributing to a cleaner world. EVs pollute far less than conventional vehicles and help reduce heat-trapping air pollution when you drive.
The prices of Teslas and other EVs have been dropping, making them more affordable and accessible than ever before. You can make driving even more affordable by charging your EV at home using solar panels.
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Meanwhile, EnergySage helps homeowners compare quotes from trusted local installers and save thousands of dollars on home solar installations.
«China remains critical for Tesla’s strategy, given that the Shanghai plant serves as a global export hub while competing directly with aggressive local brands,» according to Yahoo Finance.
Teslarati wrote that Tesla’s market share in China hints at «the company’s resilience in a fiercely competitive market.»
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