China’s electric vehicle influence expands nearly everywhere – except the US and Canada

In 2025, 1 in 4 new vehicle sales globally are expected to be EVs, up from 1 in 20 five years ago. US EV sales lag at 1 in 10 in 2024, while in China more than half of new vehicle sales are electric. Chinese automakers like BYD, NIO, etc. produce a full range. Factors include low labor costs, government subsidies, use of robotics, and innovation. BYD employs over 100,000 scientists, takes 18 months from concept to rollout. Exports are growing to Western Europe, Southeast Asia, etc.

In 2025, 1 in 4 new vehicle sales globally are expected to be EVs, up from 1 in 20 five years ago. US EV sales lag at 1 in 10 in 2024, while in China more than half of new vehicle sales are electric. Chinese automakers like BYD, NIO, etc. produce a full range. Factors include low labor costs, government subsidies, use of robotics, and innovation. BYD employs over 100,000 scientists, takes 18 months from concept to rollout. Exports are growing to Western Europe, Southeast Asia, etc.

In 2025, 1 in 4 new vehicle sales globally are expected to be EVs, up from 1 in 20 five years ago. US EV sales lag at 1 in 10 in 2024, while in China more than half of new vehicle sales are electric. Chinese automakers like BYD, NIO, etc. produce a full range. Factors include low labor costs, government subsidies, use of robotics, and innovation. BYD employs over 100,000 scientists, takes 18 months from concept to rollout. Exports are growing to Western Europe, Southeast Asia, etc.

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