ELECTRIC VEHICLES
With a fleet of electric vehicles (EVs) over 3.3 million, China is not only the world’s largest EV market but also the country that controls much of the industry’s supply chain.
Discover what drives the production and use of electric vehicles in the country!
- The size of the EV fleet around the world
- The size of the Chinese electric bus fleet
- Main EV assemblers
- The best selling electric car models
- And much more!
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47% of the world's electric passenger cars are in China.
18% of the Chinese bus fleet is electric.
10 of the top 20 electric vehicle makers in the world are Chinese.
In line with its sustainable development goals, the Chinese government stimulates the electric vehicle sector through tax incentives and subsidies, favoring the rise of domestic startups and ensuring their leadership position.
Some of these incentives include a 10% tax reduction on the purchase of electric vehicles, exemption on car rotations, and an abundance of public charging stations.
In addition, China dominates an essential component in the production of electric vehicles: lithium-ion batteries. Beijing controls about 80% of the refining of its raw materials and 60% of the production of this technology.
Thus, China continues to accumulate records: a single Chinese city, Shenzhen, has a fleet of electric buses that is larger than the rest of the world combined; nearly half of the 20 best-selling electric models are Chinese; more than 60% of electric light commercial vehicles are in the country.
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