Chinese Brands Currently Hold 76% of Global Electric Vehicle Sales | Carscoops

      Chinese EV brands don't require the U.S. market to lead global sales figures

      Chinese electric vehicle (EV) brands are gaining traction in European countries like Spain and Austria.

      Remarkably, even without any sales in the U.S., Chinese EVs now represent 76% of the global market share.

      In markets such as Brazil, Thailand, and Mexico, they dominate with over 70 percent share.

      It’s well-known that Chinese automakers are at the forefront of the electric vehicle revolution. What’s surprising, however, is that they have achieved this feat without selling any cars in the U.S., the second-largest and most profitable car market in the world. So, how are they succeeding? By concentrating on nearly all other significant regions instead.

      According to recent information from Rho Motion, Chinese brands hold an impressive 76% of the global EV and plug-in hybrid (PHEV) market, thanks to their aggressive expansion into new areas. In Europe, their market share differs by country, but they have particularly thrived in less developed regions worldwide.

      Expanding in Europe

      In Germany, which has the largest car market in Europe, Chinese manufacturers represented about 4% of the 578,000 electric vehicles sold last year. The figures were a bit higher in the UK and France, where they secured 7% and 5% of total EV sales, respectively. In the Netherlands, Sweden, Norway, and Belgium, Chinese EVs account for 6%, 5%, 8%, and 3% of the market, respectively. Their presence is even more significant in Spain and Austria, where they hold 10% and 11% of total EV sales, respectively.

      Capturing Emerging Markets

      Beyond Europe, Chinese car manufacturers are experiencing even greater success. In Brazil, an impressive 82% of all EVs and PHEVs sold in 2024 were from China. They also command 77% of the market in Thailand and 70% in Mexico. Additionally, they make up 75% of all EVs and PHEVs sold in Indonesia, 52% in Malaysia, 74% in Nepal, and 64% in Israel. In Australia and New Zealand, they account for 26% and 15% of sales, respectively.

      What Contributes to Their Success?

      This success can be partly attributed to the fact that many of these countries do not have a robust local automotive industry, which makes it easier for Chinese brands to establish market dominance. Furthermore, China's electric vehicle sector has received substantial government support, comprising at least $231 billion in subsidies and assistance from 2009 through the end of 2023. This significant financial backing has allowed Chinese EVs and PHEVs to be more competitively priced than those offered by traditional automakers, giving them an advantage in the market.