Where Are Chinese EVs Gaining Market Share

The global electric vehicle (EV) market saw sales surpass 17 mn units in 2024, with China maintaining its position as the leading producer and exporter, Rho Motion reports. Chinese EV manufacturers continue to expand internationally, offering cost-competitive vehicles in various markets. However, access remains highly dependent on regional policies and trade restrictions.

The United States and Canada remain the only major markets without Chinese EVs. In 2024, the U.S. imposed a 100% tariff on Chinese-made EVs, followed by further restrictions banning Chinese technology in vehicles operating on U.S. roads. Canada adopted the same tariff measures, aligning with its trade relationship with the U.S. These policies have effectively blocked Chinese EVs from entering North America.

In Europe, Chinese EV manufacturers have gained moderate market access, but concerns over subsidies and competition have led to trade measures to protect local automakers. In 2024, the European Union introduced import tariffs on certain battery electric vehicles (BEVs) from China, with rates reaching up to 35.3% following an anti-subsidy investigation. Despite these barriers, Chinese EVs continue to enter the European market, benefiting from affordability and expanding charging infrastructure.

Chinese EVs have seen the fastest expansion in regions with less restrictive trade policies and limited domestic auto production. In Asia, South America, and Central America, demand for affordable electric vehicles has allowed Chinese manufacturers to increase market share. Companies are now investing in local production facilities to further strengthen their presence and cater to regional preferences.