Discreetly, little by little and without raising its voice much, China has become the world’s main market for electric cars. While Europe hopes, although it is far from achieving it, to be the cleanest and most ecological continent, in the country of the rising sun one in four cars is already electric. A share that exceeds that of any other country in the world and that shows that China is ready for change, and not only that: the change will be fast.
The Chinese automotive industry has seen the sky open with the arrival of electric mobility. It seems as if every day a new brand and a new model are released.. In recent years, the explosion of the electric car in China has led to the continuous launch of units, many of them destined for the local market, but more and more brands are opening their minds abroad and are already beginning to touch such markets with their fingertips. important as the European. See the case of NIO, XPeng or MG that quickly gain followers.
Sales of electric vehicles have reached 31% of the general market, of which 25% are 100% electric vehicles. In the month of May, a total of 403,000 registrations of electric vehicles were registered, which represented an increase of 109% compared to the same month last year. Undoubtedly there are several reasons to get such figures and one of them is the price of cars. In China you can find electric ones for just 4,000 euros, although with certain deficiencies.
A large part of these new registered units correspond to vehicles that would not have a place in Europe due to their low quality and poor performance, but in China they work and serve to mobilize the population. The Wuling HongGuang is China’s best-selling model, and In the Top 10 sales list, only three models exceed 30,000 euros in price. In Europe and in Spain the situation is the reverse, it is difficult to find affordable electric vehicles that give the impetus towards electric mobility.
Another determining factor in the rapid expansion of the electric car is the charging infrastructure. Needless to say, Spain is in the bottom positions in terms of public charging network. With just 1.1 points per 100 kilometers travelled, “range anxiety” remains a slab on the implementation of electric mobility. In China, so far this year, nearly 963,000 charging points have been installed, which represents an increase of 409% compared to the same period last year.
Looking a little more closely at the figures, we discover that the electrification of the Chinese fleet is not only focused on 100% electric vehicles. If we take a look at the plug-in hybrid market we find that the growth rate is even higher. PHEVs have grown 187% compared to the same period last year, while electric vehicles have grown 91%. All this at a time when vehicle sales have fallen by 12.6% compared to 2021.