China’s share of global electric car market rises to 76%
China’s share of global electric car market rises to 76%
Market share increases after strong demand within country offsets risks from western tariffs on Chinese-made EVs
Summary
China’s share of the global electric vehicle (EV) market surged to 76% in October, driven by domestic demand despite escalating western tariffs.
Between January and October, China accounted for 69% of global EV sales, with subsidies boosting local purchases.
The US and EU have imposed steep tariffs—up to 100% and 35%, respectively—on Chinese EV imports, complicating market access for Chinese automakers. Exports to Russia, however, have soared by 109% over two years.
Beijing has prioritized the EV sector as a cornerstone of its economic and green transition strategy.
