China’s EV Dominance

China’s EV Dominance

By Staff Writer, 10 October 2023

Previously: Silicon Anode Technology to Supercharge EV Battery Range by 20%

China has the largest EV network in the world with over 7 million electric cars on the road in 2021. 

This means that China alone is home to 44% of the world’s total EV stock. Its EV dominance is credited to the government’s “Made in China” strategy which has an entire pilar focused on EV manufacturing and sales, including government-backed subsidies which have set the scene for over 300 manufacturing companies in the country.

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Global electric vehicle (EV) stock has surpassed 30 million, and China is home to over half of all the EVs on the world’s roads. 1 in 7 new cars sold last year was electric, and by 2030, we will have 138 Million EVs.

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