Breakingviews - BYD’s gas-guzzler halt leaves major loophole

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China’s BYD , on Friday said it has stopped making vehicles powered only by internal combustion engines. But it’s not sending gas-guzzling motors to the scrap heap yet: sales of its hybrid cars are revving up, growing 857% to 141,514 in the first quarter compared with the same period last year. That means hybrids accounted for nearly half of BYD’s passenger vehicle sales in the period.

it has stopped making vehicles powered only by internal combustion engines. But it’s not sending gas-guzzling motors to the scrap heap yet: sales of its hybrid cars are revving up, growing 857% to 141,514 in the first quarter compared with the same period last year. That means hybrids accounted for nearly half of BYD’s passenger vehicle sales in the period.have found the transition technology a lucrative niche.

BYD’s Qin and Song models are an easier sell for customers who can’t or won’t go all-electric.

 

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