While the U.S. continues to push forward on electric vehicle adoption, other countries are racing ahead in terms of the percentage of EVs compared to traditional automobiles. China hit a 35% market share for new electric vehicles in the month of September. Following is why it's important and what companies are leading the way.
What Happened: Sales of electric vehicles hit 35% of all new vehicle sales in September for China, news that came as Tesla Inc (NASDAQ:TSLA) was announcing price cuts in the region. Plugin vehicles were up 78% year-over-year in September and hit 636,000 new registrations, a new record for the country.
