Please Wait.....
Report
China Electric Vehicles - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-07-01 I 100 Pages I Mordor Intelligence
China Electric Vehicles Market Analysis
The China Electric Vehicles Market size is estimated at USD 357.98 billion in 2025, and is expected to reach USD 788.20 billion by 2030, at a CAGR of 17.13% during the forecast period (2025-2030). Battery cost parity, a nationwide charging and battery-swap build-out, and tier-2/3 city PHEV momentum reinforce volume expansion. Automakers are also accelerating vertical integration and battery chemistry innovation to secure falling margins amid price wars. Infrastructure investment and cost-competitive LFP batteries position the Chinese electric vehicle market for further penetration into price-sensitive rural segments.
China Electric Vehicles Market Trends and Insights
Extended NEV Purchase-Tax Exemptions to 2027
Tax-free status worth USD 1,390-4,175 per vehicle cushions the post-subsidy transition and keeps entry-level pricing competitive. Tier-2/3 customers react strongly to this saving, and one-third of 2024 NEV sales leveraged the exemption plus trade-in incentives. Predictable policy horizons let automakers schedule capacity ramps and mid-cycle refreshes, particularly for mid-market crossovers driving the volume of China's electric vehicles.
Nationwide Fast-Charging & Battery-Swap Corridor Build-Out
Public charging points rose drastically over the past few years, while CATL and Sinopec are placing 500 battery-swap stations capable of two-minute exchanges. Highway coverage now spans 60% of service areas, and 57% of chargers remain clustered within 15 cities, signalling headroom in western provinces. The twin-track infrastructure strategy addresses commuter top-up needs and fleet uptime demands, underpinning confidence in the Chinese electric vehicle market.
Phase-Out of Central Subsidies Slowing Upgrade Cycles
The December 2022 subsidy sunset trimmed purchase incentives by RMB 1,670-2,780, elevating price sensitivity in mid-market sedans. Automakers countered with rebates and regional trade-in schemes, yet replacement intervals lengthened. As battery input costs drop, reliance on direct subsidies is expected to fade, restoring natural replacement rhythms within the Chinese electric vehicle market.
Other drivers and restraints analyzed in the detailed report include:
PHEV Surge in Tier-2/3 Cities on Fuel-Savings Appeal / Municipal E-Freight Quotas Boosting Electric LCV Demand / Lithium-Carbonate Price & Export-Control Volatility /
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
Battery electric vehicles led 2024 deliveries with a 58.36% share, anchoring the China electric vehicle market size for that year. Plug-in hybrids, however, are forecast to post a 21.47% CAGR to 2030, narrowing the gap as infrastructure diffuses inland. Dual-fuel flexibility makes PHEVs the preferred bridge tech for drivers facing sparse chargers.
Continued BEV cost erosion keeps fully electric models appealing in subcompacts and taxi fleets, yet PHEV growth in family SUVs and rural sedans diversifies the powertrain mix. Manufacturers, therefore, hedge across architectures, while solid-state programs target the post-2030 premium BEV wave.
Passenger cars captured 88.25% of China's electric vehicle market share in 2024, but light commercial vans are rising on an 18.71% CAGR trajectory. Municipal zero-emission quotas, hub-and-spoke logistics, and battery-swap economics make electric LCVs a reliable fleet asset.
SUVs show 15.21% CAGR as consumers trade up for cabin space, and bus operators refresh diesel fleets under local low-emission mandates. Commercial adoption reinforces battery demand curves and broadens China's electric vehicle market size beyond private mobility.
The China Electric Vehicle Market Report is Segmented by Drivetrain Type (Battery Electric Vehicles, Plug-In Hybrid Electric Vehicles, and More), Vehicle Type (Passenger Cars [Hatchback and More] and Commercial Vehicles [Light Commercial Vehicles and More]), Battery Chemistry (LFP, NCM/NMC, and More), and Price Band (Less Than USD 10, 000 and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).
List of Companies Covered in this Report:
BYD Company Ltd / SAIC-GM-Wuling / Tesla Inc. / Geely Auto Group / Changan Automobile / Great Wall Motors / BAIC Motor Corp. / SAIC Motor Corp. Ltd. / Dongfeng Motor Corp. / FAW Group / GAC Aion / NIO Inc. / Xpeng Motors / Li Auto / Leapmotor / Hozon Auto (Neta) / Zeekr Intelligent Tech. / Seres Group / Jiangling Motors Corp. / JAC Motors / Chery Automobile /
Additional Benefits:
The market estimate (ME) sheet in Excel format /
3 months of analyst support /
1 Introduction
1.1 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Landscape
4.1 Market Drivers
4.1.1 Extended NEV Purchase-Tax Exemptions to 2027
4.1.2 Nationwide Fast-Charging & Battery-Swap Corridor Build-Out
4.1.3 PHEV Surge in Tier-2/3 Cities on Fuel-Savings Appeal
4.1.4 Municipal E-Freight Quotas Boosting Electric LCV Demand
4.1.5 V2G Pilot Tariffs Enabling Vehicle-Grid Revenue Streams
4.1.6 LFP-Driven Cost Parity With Sub-Compact ICE Cars
4.2 Market Restraints
4.2.1 Phase-Out of Central Subsidies Slowing Upgrade Cycles
4.2.2 Lithium-Carbonate Price & Export-Control Volatility
4.2.3 Provincial Caps on Low-Utilisation Public Chargers
4.2.4 Rising NEV Quality Issues (JD Power IQS) Denting Loyalty
4.3 Value / Supply-Chain Analysis
4.4 Regulatory Landscape
4.5 Technological Outlook
4.6 Battery-Chemistry Trends
4.7 Porter's Five Forces
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Buyers/Consumers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitutes
4.7.5 Intensity of Competitive Rivalry
5 Market Size & Growth Forecasts (Value, 2024-2030)
5.1 By Drivetrain Type
5.1.1 Battery Electric Vehicles
5.1.2 Plug-in Hybrid Electric Vehicles
5.1.3 Fuel-cell Electric Vehicles
5.2 By Vehicle Type
5.2.1 Passenger Cars
5.2.1.1 Hatchback
5.2.1.2 Sedan
5.2.1.3 SUV
5.2.1.4 MPV
5.2.2 Commercial Vehicles
5.2.2.1 Light Commercial Vehicles
5.2.2.2 Buses & Coaches
5.2.2.3 Medium & Heavy Trucks
5.3 By Battery Chemistry
5.3.1 LFP
5.3.2 NCM/NMC
5.3.3 NCA
5.3.4 Others
5.4 By Price Band
5.4.1 Less than USD 10,000
5.4.2 USD 10,000 - 20,000
5.4.3 USD 20,000 - 30,000
5.4.4 USD 30,000 - 50,000
5.4.5 Over USD 50,000
6 Competitive Landscape
6.1 Strategic Moves
6.2 Market Share Analysis
6.3 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, Recent Developments)
6.3.1 BYD Company Ltd
6.3.2 SAIC-GM-Wuling
6.3.3 Tesla Inc.
6.3.4 Geely Auto Group
6.3.5 Changan Automobile
6.3.6 Great Wall Motors
6.3.7 BAIC Motor Corp.
6.3.8 SAIC Motor Corp. Ltd.
6.3.9 Dongfeng Motor Corp.
6.3.10 FAW Group
6.3.11 GAC Aion
6.3.12 NIO Inc.
6.3.13 Xpeng Motors
6.3.14 Li Auto
6.3.15 Leapmotor
6.3.16 Hozon Auto (Neta)
6.3.17 Zeekr Intelligent Tech.
6.3.18 Seres Group
6.3.19 Jiangling Motors Corp.
6.3.20 JAC Motors
6.3.21 Chery Automobile
7 Market Opportunities & Future Outlook
7.1 White-space & Unmet-need Assessment
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security