Electric car prices 2021, the price of electric cars in China is 58% cheaper compared to European countries.
The Chinese government has boosted the electric vehicle market to achieve a market share much higher than that of Europe.
The Chinese government has invested in an infrastructure that makes way for a plentiful supply of free charging points across the country.
Electric car prices
- In a limited number of countries at the moment, electric cars are actually the best seller.
- And the only reason for that is that it’s in countries like China.
- As the market leader in electric mobility.
- the price of an electric car is 58% cheaper compared to European countries.
Reasons for the low price of cars in China
- Jatto Dynamics conducted research to find out the reasons.
- and its results showed the main reasons why China is leading the way in this transformation towards electric mobility, the first of which is.
- There are about 138 different models of electric cars for consumers to choose from.
- and in Europe, there are 60 models.
- The second reason is that the Chinese government has promoted the electric car market to achieve a market share much higher than that of Europe.
- The data showed that in the past year alone, nearly 50% of electric vehicle sales in China are cars manufactured and produced within its own factories in Beijing.
- The country’s manufacturers accounted for nearly 42% of total global sales of electric vehicles.
- The Chinese government has also invested in an infrastructure that makes way for a plentiful supply of free charging points across the country.
Car sales in Europe
- Government data revealed that car sales in the European Union increased during the first 4 months of this year, compared to the same period last year.
- And global sales of electric cars recorded an increase of 43% year on year.
- They succeeded in avoiding the shock caused by the Corona epidemic in the auto industry during the past year.
- And the year 2020 witnessed a record number of electric car sales of 3 million cars.
- bringing the total electric cars on the road to exceed 10 million cars.
- Electric vehicle registrations in Europe doubled over the past year, reaching 1.4 million vehicles.
- While sales in China increased by about 1.2 million cars.
- while the United States witnessed the registration of 295,000 new electric cars.
- Europe overtook China in electric vehicle sales for the first time in 2020.
- as the largest market for electric vehicles in the world.