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8 Recent and Upcoming Chinese EVs
As China gains dominance in the global EV marketplace, these eight EV models are garnering interest.
Jake Hertz
May 29, 2024
8 Slides
Ora EV
The electric vehicle (EV) market is still in its nascent stages but, so far, China is very much at the forefront of this evolution. According to a recent article by the New York Times, the country’s automotive landscape is set to introduce 71 new battery-electric models this year alone, which is a reflection of both the global trend towards sustainable transportation solutions and China’s leading place in this transition.
China’s ambitious plans are propelled by a combination of variables, including
Subsidies and tax exemptions: The Chinese government has been offering substantial subsidies to encourage the purchase of electric vehicles. Between 2009 and 2022, more than 200 billion yuan ($28B) was spent on EV subsidies and tax breaks in China.
Fuel economy standards and zero-emission vehicle mandates: China has fuel economy standards that require vehicles to meet a fuel efficiency standard based on their weight and that manufacturers meet Corporate Average Fuel Consumption (CAFC) limits. The CAFC policy was adopted in February 2021, and the standard for 2020 is 5 L/100 km. This standard will tighten to 4 L/100 km in 2025 and 3.2 L/100 km in 2030
"Made in China 2025" initiative: Made in China 2025 is a 10-year plan and industrial policy launched by the Chinese Communist Party in May 2015 to develop China's manufacturing sector. The plan aims to make China a global production hub for high-tech products and a leading industrial country by 2049.
The upcoming wave of new EVs is significant both for its scale and for its potential impact on the global automotive industry. Chinese manufacturers are now setting their sights on international markets, aiming to challenge established players with competitively priced and technologically advanced vehicles.
In this article, we will explore some of the most notable recent and upcoming Chinese electric vehicles that have caught the market’s attention. Read on to learn about 8 recent and upcoming Chinese EVs.
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