Chinese EVs Dominate 76% of Global Market

Recent data from Rho Motion reveals that Chinese brands now dominate an impressive 76% of the global market for electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), thanks to their aggressive expansions into new markets. Their market share in Europe varies by country, but they have achieved notable success, particularly in less developed markets worldwide.

In Germany, Europe"s largest car market, Chinese manufacturers accounted for about 4% of the 578,000 electric vehicles sold last year. The figures are slightly higher in the UK and France, where they captured 7% and 5% of total EV sales, respectively. In countries like the Netherlands, Sweden, Norway, and Belgium, Chinese EVs held market shares ranging from 3% to 8%.

In Spain and Austria, the Chinese presence is even more pronounced, with Chinese vehicles making up 10% and 11% of total EV sales in these countries, respectively.

Outside Europe, Chinese automakers have seen greater success. In Brazil, 82% of all EVs and PHEVs sold in 2024 came from China. Similarly, China holds 77% of the market in Thailand, 70% in Mexico, 75% in Indonesia, 52% in Malaysia, and 74% in Nepal. Even in Australia and New Zealand, Chinese vehicles represent 26% and 15% of sales, respectively.

Part of this success can be attributed to the lack of strong domestic automotive industries in many of these countries, providing Chinese brands with an easier path to market dominance.

Additionally, China"s EV industry has benefited from substantial government support, receiving subsidies and assistance totaling $231 billion between 2009 and the end of 2023. This financial backing has allowed Chinese EVs and PHEVs to be more cost-competitive compared to those produced by traditional automakers, giving them a strong advantage in global markets.