Electric cars to give auto sector new energy boost

Sales of new energy vehicles in China are forecast to grow by more than 40 percent year-on-year in 2019, despite overall automobile consumption remaining flat, experts said on Wednesday.

The comments came after more than 1 million new energy vehicles were sold in the first 11 months of 2018, an increase of 68 percent year-on-year.

Automobile industry analyst Xiao Yue said as subsidies for new energy vehicles are gradually being phased out, the overheated sector will become more rational, with growth slowing slightly.