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Electric vehicle market in China - statistics & facts

With people comes with the demand to commune. Being the most populated country in the world, China's mobility market is a significant player in the market. Since 2017, car parc in China has quadrupled, which has posed huge burden on the road network country-wide, as well as on the environment in various aspects. Along a global rise of environmental awareness, many countries in the world shared the same backdrop for the increasing popularity of electric vehicles. In 2019, China ranked the highest in almost all three aspects in the Roland Berger's e-mobility index, together with United States and Germany.

In China, sometimes the word "electric vehicles" is used interchangeably with "new energy vehicles" or "alternative energy vehicles", with the only exception being the exclusion of fuel cell electric vehicles (FCEV). Unlike many other countries, Battery Electric Vehicles (BEV) had always been more popular than Plug-in Hybrid Electric Vehicles (PHEV), with an annual sales volume of 0.97 million and 0.23 million units respectively in 2019, and accordingly an annual production volume of over one million and 0.22 million units. Currently BEV accounted for the vast majority of the new energy passenger vehicle sales in China at 81 percent, and such figure is expected to further increase in the next years. By 2025, it was forecasted that the sales volume of new energy passenger vehicles in China would reach 7.8 million units. Regarding price level, electric vehicles in China were marketed at a lower level relatively to other countries, with a majority of vehicles priced between 20,000 to 40,000 euros.

In terms of original equipment manufacturers, the local manufacturers seemed to have dominated the BEV market in China. The leading market player is BYD, which sold over 14,000 units in November 2018, followed closely by Baic Bjev at almost 12,000 units. brand recognition for electric cars right after the American counterpart Tesla, both with around half of the Chinese respondents stated that they were aware of such brands.

However, the infrastructure still need to catch up with the trend of BEV for electric vehicles to truly become popular in the country. Alternating current (AC) is the most common type of public or fleet EV charging stations in China, with over 0.3 million across the country, followed by direct current (DC) at around 0.2 million. Some leading regions in China with most EV charging stations are more affluent cities and provinces such as Beijing, Shanghai, Jiangsu and Guangdong.

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Electric vehicles in China

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