Number of the day: 1 million electric vehicles1 million-plus: That's the number of electric vehicles that are on pace to be sold in China this year, according to a Friday morning piece in the Wall Street Journal, up from 777,000 last year.
Why it matters: Topping 1 million is a symbolic but interesting threshold that signals the coming mainstreaming of EVs, even though they remain just a tiny fraction of global auto sales.

  • China is the world's largest auto market, so trends there affect the plans of automakers worldwide.

One level deeper: "The Chinese government is targeting 2 million EV sales in 2020, and is trying to achieve that with incentives as well as restrictions on gasoline-car purchases. China accounted for roughly half of all global EV sales in the first quarter of 2018," the paper reports.