China Electric Vehicle Market Study Update 2021

China Electric Vehicle Market Study Update 2021


China gained its first record success in electric vehicles in 1990, when the country saw the highest growth in two wheeled electric bicycle. The growth was driven by favourable regulatory practices and government support. China used to face severe air pollution due to its dependence on fossil fuelled vehicles. Electric car manufacturing in China started post 2000, and the country today is the largest market globally.

At the start of the year 2021, compulsory emission quotas for internal combustion engines and electric vehicles have been being tightened in order to support EVs sales to form reach 20% of new car sales by 2025. In the period January to October 2021, new EV deliveries grew by 191.9% year-on-year to reach 2.14 million units and captured a 13% share of the market. BYD, Tesla and Wuling were the market leaders in terms of sales.

Even though the EV market in China is recovering, factors such as, the overall contraction of the Chinese economy due to the pandemic need to be factored in. In the period January 2020 to March 2020, the country’s GDP shrank by 6.8% year-on-year. The sector has been boosted by the New Government directives to bring down China’s carbon dioxide emissions to nearly zero by 2060.


1. Global Electric Vehicle Market
a. Overview
b. Market Performance & Statistics
c. Market Drivers
d. Covid-19 Impact
e. Industry Speak
2. China Electric Vehicle Market
a. Overview
b. Market Performance & Statistics
c. Covid-19 Impact
d. Outlook
e. Industry Speak
3. List of Figures
4.1 Global Plug-in Electric Vehicle Market Share by Main Producer (first half of 2021, %)
4.2 Global Plug-in Electric Vehicle Sales Growth, by Major Manufacturer (2019-2020, %)
4.3 Global Battery-Operated Electric Vehicle Stock (2010-2019, Million)
4.4 Global Electric Vehicle Car Stock Sold (2009-2016, Thousands)
4.5 Global Private Electric Vehicle Slow Chargers by Country (2019, Million)
4.6 Global Electric Vehicle Electric Share by Manufacturer's Volume (Q2 2017, %)
4.7 China New Energy Vehicle Production (September 2020-September 2021, Units)
4.8 China Electric Vehicle Sales, by Leading Original Equipment Manufacturer (1st half of 2020, Units)
4.9 China Battery Electric Vehicle Stock Volume (2009-2020, in 1,000 Units)
4.10 Export Volume of Electric Vehicles for Passengers from China (2018-2020, in 1,000 Units)
4.11 Export Value of Battery Electric Vehicles for Passengers from China (2020, Million USD)
4.12 China Market Share of Battery Electric Vehicle (2012-2019, %)
4.13 China Monthly Sales Volume of Battery Electric Vehicles (June 2019-November 2020, Units)
4.14 China Monthly Sales Volume of Plug-in Hybrid Electric Vehicles (June 2019-November 2020, Units)
4.15 China Top Electric Car Manufacturers (%, 2016)
4.16 China Annual Sales of New Energy Vehicles (2011-2016, Units)
4. Research Methodology
5. About Smart Research Insights

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