Press Release Body:
According to the latest research by Mordor Intelligence, the China Electric Vehicles (EV) Market is set to witness significant growth over the forecast period, with its value expected to rise from USD 357.98 billion in 2025 to USD 788.20 billion by 2030, growing at a compound annual growth rate (CAGR) of 17.13%.
This surge in market size is attributed to multiple factors transforming China’s mobility landscape. Among them, battery cost parity has emerged as a key driver, making electric vehicles increasingly cost-competitive with internal combustion engine (ICE) vehicles. As battery prices continue to fall, EVs are becoming more accessible to a broader consumer base.
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Further fueling this growth is the nationwide expansion of EV charging infrastructure and battery-swap networks, helping to address one of the major barriers to EV adoption—range anxiety. This infrastructure boost is not limited to major urban centers; it is also enabling greater EV uptake in tier-2 and tier-3 cities, where plug-in hybrid electric vehicles (PHEVs) are gaining popularity.
The Chinese government continues to play a central role by supporting the EV industry through incentives, tax breaks, and policy mandates that promote clean transportation. These efforts, coupled with rising consumer demand and technological innovations, are positioning China as a global hub for electric vehicle production and adoption.
About Mordor Intelligence:
Mordor Intelligence is a global market research and advisory firm that provides in-depth reports and analysis across a wide range of industries, including automotive, energy, healthcare, technology, and more. With a focus on accuracy, transparency, and actionable insights, Mordor Intelligence empowers businesses and decision-makers to stay ahead of market trends and make strategic, data-driven decisions. The firm is known for its comprehensive research methodologies, expert analysts, and real-time market tracking, serving clients ranging from startups to Fortune 500 companies worldwide.

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