EV Model Availability 2018 vs 2022
02 October 2023•
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China has over 130 more EV models to choose from; driving their EV domination
Undoubtedly, one of the main drivers for a slow-down in combustion engine models is the push towards electrification. Though trade policies impact what car models and brands can be sold in some countries like the USA, countries that show a greater adoption of EVs also have higher model availability. Thus, perhaps one of the secrets to China’s dominance is the optionality it provides to its Chinese consumer base. Chinese customers have 3.4X more options available to choose from, compared to American customers, with 292 EV models versus 87 models. Norway has the second highest optionality with 166 models available, proving that small countries with a great appetite for EVs can be strong markets for any and all EV manufacturers.
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