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Every second Geely car sold should be electric 2023

Demand for internal combustion engines falls

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An editor at eMobilCar


  • 2 min read
Geely
Geely

Chinese automaker Geely wants to accelerate the transition to electric vehicles. According to this, by 2023 every second car sold should be an electric car. One reason for achieving this goal is a 20 percent drop in sales of internal combustion engines.

While Chinese demand for internal combustion engines fell, Geely's electric or hybrid vehicle sales rose by about 400% in the first half of the year to 109,000 units (including Geometry, Lynk & Co, Zeekr and Livan brands).

In the first half of this year, battery-electric models accounted for more than 70% of electric vehicle (BEV, PHEV and HEV) sales. Just over 20% were plug-in hybrids and less than 10% were conventional hybrids.

Looking at sales across all drive types, one in five vehicles was equipped with an electric or hybrid drive (BEV, PHEV and HEV). Sales of pure electric vehicles and plug-in hybrids should already be over 30% in the second half of 2022, according to Geely boss Jerry Gan.

Added to this is the decline in demand for internal combustion engines, which means that sales have fallen by 20%. The current target of 50% EV sales by 2023 should lead to a tipping point.

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