Why China Dominates 60% of Global EV Sales? Electric cars are becoming very popular all over the world. But one country is leading more than anyone else — China.
In 2023, almost 60% of new electric car sales happened in China alone. It means out of every 10 electric cars sold in the world, 6 were bought in China!
Let’s find out why China is so far ahead in the electric vehicle (EV) race.
China Started Early
China started focusing on electric cars much earlier than many other countries. More than 10 years ago, China’s government gave big support to electric car companies. They offered money, tax cuts, and even rewards to people who bought EVs.
In 2023, China sold around 8.1 million new electric cars, a 35% jump compared to 2022. Even after the government stopped giving direct cash subsidies, the sales stayed strong. This shows that China built a strong EV market that can grow on its own.
Strong Government Support
The Chinese government made smart rules to help electric cars grow. For many years, they gave subsidies for buying EVs. These subsidies helped lower the price, making electric cars cheaper than gas cars.
Even now, China gives tax exemptions for buying EVs. Some cities even allow EV owners to avoid long waiting lines for car licenses, which saves them money and time. Local governments also offer small rewards and discounts.
Big Local Companies
China is home to some of the world’s biggest electric car companies. Brands like BYD, NIO, XPeng, and SAIC make many affordable and good-quality electric cars. In 2023, BYD alone sold millions of EVs, beating many famous international brands.
Because of local manufacturing, electric cars in China are cheaper. Many models cost under USD 15,000. In fact, China sells about 50 small, affordable electric car models, while other countries mostly have expensive ones.
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Massive Battery Industry
Batteries are the heart of electric cars. China controls more than 70% of the global battery production. Companies like CATL and BYD make batteries not only for Chinese brands but also for Tesla and other carmakers around the world.
Because China makes so many batteries, the cost of making EVs is much lower. This makes electric cars affordable for more people. Batteries are also improving fast in China, giving cars longer driving ranges.
Huge Charging Network
Charging a car is as important as buying one. China has built the world’s largest EV charging network. In 2023, there were more than 6 million public chargers across the country.
In big cities like Shanghai and Shenzhen, you can find a charging station almost every few kilometers. Easy access to chargers makes owning an electric car simple and stress-free.
Exports to Other Countries
China is not just selling electric cars inside the country. They are also exporting EVs to Europe, Southeast Asia, and other regions. In 2023, China exported about 1.2 million electric cars, a number 80% higher than in 2022.
Many countries now buy Chinese electric cars because they are cheaper and have good features. Brands like BYD and MG are becoming very popular in Europe, Thailand, and Australia.
Fierce Competition
In China, there are hundreds of companies making electric cars. This means companies must work very hard to win customers. As a result, prices are lower, features are better, and new models come out quickly.
Competition has even forced big companies like Tesla to lower their car prices in China. This price war is helping customers get better deals.
People Trust EVs More
Chinese people are used to new technology. Many have used electric bikes, scooters, and buses for years. So, trusting electric cars was not a big jump for them.
Also, gas prices are high in China. Using electric cars saves a lot of money in daily travel, making EVs a smart choice for most families.
A Bright Future Ahead
Experts say that in 2024, China will sell about 10 million electric cars, almost half of its total car sales. Even without government subsidies, China’s EV market is strong because of smart policies, local companies, and customer trust.
The world is watching China’s success story closely. Many other countries are now trying to copy China’s way of growing electric cars.
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Final Thoughts
China dominates 60% of global EV sales because they started early, supported their companies, built huge factories and charging networks, and made EVs affordable for everyone. As more people around the world switch to electric cars, China will continue to lead the charge toward a cleaner, greener future.
