Electric vehicle industry in China
China has the largest electric vehicle industry in the world, accounting for more than 70% of global production of electric vehicles (EVs) and 67% of global sales in 2024 and more than 2.62 million exports in 2025. In 2025, CAAM reported China had sold 16.49 million passenger electric vehicles, In 2024, 60% of EV sales were battery electric vehicles (BEVs) and 40% were plug-in hybrid electric vehicles (PHEVs). China also dominates the electric bus and light commercial vehicle market, reaching over 500,000 buses (95% of global stock) and recording new sales of 447,000 commercial EVs in 2023. In 2025, 51% of sales of vehicles in the automobile market in China were electric vehicles. Plug-in electric vehicle (BEV and PHEV) sales were 47.9% of the overall automotive sales in China in 2024. This is a significant increase from 2020, when plug-in electric vehicles accounted for only 6.3% of total sales. The plug-in market in China was dominated by Chinese companies, with BYD Auto and SAIC Motor...
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