China Electric-Vehicle Market Size and Potential Growth
- In 2020, the China Electric Vehicle market was valued at $101.16 billion.
- The Global EV market was valued at $246.54 billion in 2020 out of which the China EV market held 41%.
- The China Electric vehicle market is expected to grow and reach $636.66 billion by 2030.
- During the forecasted period 2021-2030, the China Electric Vehicle market will be growing approximately at a Compound Annual Growth Rate (CAGR) of 20.20%.
- The Global EV market is projected to reach $1299.3 billion in 2030 out of which the China electric vehicle market will hold 49%.