Electric vehicle industry in China
The electric vehicle industry in China is the largest in the world, accounting for around 58% of global production of electric vehicles (EVs) in 2023 and more than 1.28 million exports in 2024. In 2024, CAAM reported China had sold 12.87 million passenger electric vehicles, with 60% of those sales being BEVs and 40% being PHEV. China also dominates the plug-in electric bus and light commercial vehicle market, reaching over 500,000 buses and recording new sales of 447,000 commercial EVs in 2023.
Source: Wikipedia
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