China Electric Vehicle Market to 2032
Overview
The China Electric Vehicle Market is expected to reach a 295,929.44 USD Billion by 2032 and is projected to grow at a CAGR of 37.37% from 2025 to 2032.
Revenue, 2024 (USD Billion)
49,794.03
Forecast, 2032 (USD Billion)
295,929.44
CAGR, 2024 - 2032
37.37%
Report Coverage
China
China Electric Vehicle Market 2018-2032 USD Billion
China Electric Vehicle Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 49,794.03 USD Billion
- Projected Market Size (2032): 295,929.44 USD Billion
- CAGR (2025-2032): 37.37%
Key Findings of China Electric Vehicle Market
- The China Electric Vehicle Market was valued at 295,929.44 USD Billion in 2024.
- The China Electric Vehicle Market is likely to grow at a CAGR of 37.37% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Normal Charging in Charging Station Type Segment accounted for the largest share of the market with a revenue of 30,320.40 USD Billion
- The fastest growing segment Hybrid Electric Vehicle(HEVs) in Propulsion Type Segment grew Fastest with a CAGR of 39.73% during the forecast period from 2024 to 2032.
China Electric Vehicle Market Scope
China Electric Vehicle Market Segmentation & Scope
Power Train
- Combined Hybrid
- Parallel Hybrid
- Series Hybrid
Class
- Luxury
- Mid-Priced
Charging Station Type
- Super Charging
- Normal Charging
Propulsion Type
- Fuel Cell Electric Vehicle(FCEVs)
- Hybrid Electric Vehicle(HEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicle (BEV)
Component
- Others
- Infotainment System
- On-board Charger
- Battery Cells & Packs
Vehicle Type
- Commercial Vehicles
- Two Wheelers
- Passenger Cars
China Electric Vehicle Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 49,794.03 USD Billion |
| Market Value in 2032 | 295,929.44 USD Billion |
| CAGR (2025-2032) | 37.37% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Power Train,Class,Charging Station Type,Propulsion Type,Component,Vehicle Type |
Regional Insights:
-
Leading Market (2024-2032): China, leading in terms of revenue 49,794.03 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 49,794.03 USD Billion in 2024.
Segments and Scope
-
China Electric Vehicle Market to 2032, By Power Train
- Series Hybrid is the largest segment in China Electric Vehicle Market to 2032 with a revenue of 20,763.56 USD Billion in the year 2024.
- Combined Hybrid is the Fastest growing segment in China Electric Vehicle Market to 2032 with a Growth rate of 35.94 % in forecast period 2025-2032.
-
China Electric Vehicle Market to 2032, By Class
- Mid-Priced is the largest segment in China Electric Vehicle Market to 2032 with a revenue of 29,685.92 USD Billion in the year 2024.
- Mid-Priced is the Fastest growing segment in China Electric Vehicle Market to 2032 with a Growth rate of 37.90 % in forecast period 2025-2032.
-
China Electric Vehicle Market to 2032, By Charging Station Type
- Normal Charging is the largest segment in China Electric Vehicle Market to 2032 with a revenue of 30,320.40 USD Billion in the year 2024.
- Normal Charging is the Fastest growing segment in China Electric Vehicle Market to 2032 with a Growth rate of 37.88 % in forecast period 2025-2032.
-
China Electric Vehicle Market to 2032, By Propulsion Type
- Battery Electric Vehicle (BEV) is the largest segment in China Electric Vehicle Market to 2032 with a revenue of 20,700.80 USD Billion in the year 2024.
- Hybrid Electric Vehicle(HEVs) is the Fastest growing segment in China Electric Vehicle Market to 2032 with a Growth rate of 37.54 % in forecast period 2025-2032.
-
China Electric Vehicle Market to 2032, By Component
- Battery Cells & Packs is the largest segment in China Electric Vehicle Market to 2032 with a revenue of 20,201.26 USD Billion in the year 2024.
- Battery Cells & Packs is the Fastest growing segment in China Electric Vehicle Market to 2032 with a Growth rate of 39.53 % in forecast period 2025-2032.
-
China Electric Vehicle Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in China Electric Vehicle Market to 2032 with a revenue of 22,702.47 USD Billion in the year 2024.
- Passenger Cars is the Fastest growing segment in China Electric Vehicle Market to 2032 with a Growth rate of 38.81 % in forecast period 2025-2032.
China Electric Vehicle Market Company Share Analysis
| Company Name |
|
||
| Ford Motor Company | |||
| Tesla | |||
| General Motors | |||
| Nissan Motor Co., Ltd. | |||
| TOYOTA MOTOR CORPORATION | |||
China Electric Vehicle Market Geographical Sales Distribution, 2018-2032 USD Billion
China Electric Vehicle Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The China Electric Vehicle Market is segmented based on Segmentation Power Train,Class,Charging Station Type,Propulsion Type,Component,Vehicle Type.
China Electric Vehicle Market was valued at USD 49,794.03(Revenue in USD Billion) in 2021.
China Electric Vehicle Market is projected to grow at a CAGR of 37.37% during the forecast period of 2024 to 2032.
The Normal Charging segment is expected to dominate the China Electric Vehicle Market, holding a largest market share of 30,320.40 USD Billion in 2024
China Electric Vehicle Market Scope
China Electric Vehicle Market Segmentation & Scope
Power Train
- Combined Hybrid
- Parallel Hybrid
- Series Hybrid
Class
- Luxury
- Mid-Priced
Charging Station Type
- Super Charging
- Normal Charging
Propulsion Type
- Fuel Cell Electric Vehicle(FCEVs)
- Hybrid Electric Vehicle(HEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicle (BEV)
Component
- Others
- Infotainment System
- On-board Charger
- Battery Cells & Packs
Vehicle Type
- Commercial Vehicles
- Two Wheelers
- Passenger Cars
Frequently Asked Questions
The China Electric Vehicle Market is segmented based on Segmentation Power Train,Class,Charging Station Type,Propulsion Type,Component,Vehicle Type.
China Electric Vehicle Market was valued at USD 49,794.03(Revenue in USD Billion) in 2021.
China Electric Vehicle Market is projected to grow at a CAGR of 37.37% during the forecast period of 2024 to 2032.
The estimated market value of the China Electric Vehicle Market for final year is USD 295,929.44 (USD Billion).
China Electric Vehicle Market Company Profiling
Frequently Asked Questions
The China Electric Vehicle Market is segmented based on Segmentation Power Train,Class,Charging Station Type,Propulsion Type,Component,Vehicle Type.
China Electric Vehicle Market was valued at USD 49,794.03(Revenue in USD Billion) in 2021.
China Electric Vehicle Market is projected to grow at a CAGR of 37.37% during the forecast period of 2024 to 2032.
The estimated market value of the China Electric Vehicle Market for final year is USD 295,929.44 (USD Billion).
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