China Accounts For 76% Of The Global Market Share For Plug-In Hybrids And EVs

It is well known that China is the world’s leading manufacturer, but its dominance is so significant that traditional manufacturers have substantial reasons to be concerned.

The future of electric cars will, as things stand, be entirely Chinese, as the vast majority of battery-powered cars already come from that country. This is despite relatively modest sales in Europe and the fact that they have not sold a single car in the second largest global market, the US.

According to recent data from Rho Motion, Chinese brands now hold a whopping 76 percent share of the global electric vehicle and plug-in hybrid (PHEV) market, thanks to aggressive expansion into new territories. In Europe, their market share varies by country but is generally small, but they have made particularly strong progress in less developed markets around the world.

In Germany, the largest car market in Europe, Chinese manufacturers accounted for only 4 percent of the 578,000 electric vehicles sold last year. Their market share is slightly higher in the UK at 7 percent and in France at 5 percent. In the Netherlands, Sweden, Norway, and Belgium, Chinese electric vehicles hold 6 percent, 5 percent, 8 percent, and 3 percent of the market, respectively. They perform best in Spain and Austria, with shares of 10 percent and 11 percent.

However, outside of Europe, Chinese automakers are having much more significant success. In Brazil, a whopping 82 percent of all electric and plug-in hybrid vehicles sold in 2024 came from China. Similarly, they have a 77 percent market share in Thailand and a 70 percent share in Mexico. They also have a 75 percent share in Indonesia, 52 percent in Malaysia, 74 percent in Nepal, and 64 percent in Israel. They are also popular in Australia and New Zealand, accounting for 26 and 15 percent of sales, respectively.

Of course, they sells the majority of its electric vehicles in the domestic market, which is the world’s largest car sales market, but this data shows that they are slowly and seriously conquering many other markets.

• Also See: Ford CEO Claims That China Is Ten Years Ahead Of The US In Battery Manufacture