Chinese EVs Nearly Matching ICE On Price

Last year, 45% of  ICE car models in China and 39% of EV modecost under $25,000, according to the International Energy Agency .

For cars costing $50k and more, 21% were ICE and 15% wereEVs.

In Europe,  3% of EV models and none in the U.S. were priced below $25,000 last year.


Only 6% in Europe and 3% in the US cost below $30,000.


China EV production inside Europe represented around 8%  of EU EV production last year.

In the US no Chinese companies have set up shop in the country and individual importing is almost impossible due to U.S. law.

 

David Manners

David Manners

David Manners has more than forty-years experience writing about the electronics industry, its major trends and leading players. As well as writing business, components and research news, he is the author of the site's most popular blog, Mannerisms. This features series of posts such as Fables, Markets, Shenanigans, and Memory Lanes, across a wide range of topics.

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