When did China Start making electric cars?
China is doing well in the global EV market by both buying and manufacturing their own. There are some Chinese brands on the list of top sellers. When did China start making electric cars?
Marlee John · Answered on Sep 22, 2022
Reviewed by Shannon Martin, Licensed Insurance Agent.
Yes, China has a booming EV industry, the largest in the world. The country began making electric cars in the late 2000s.
The country’s leading EV and auto manufacturer BYD was founded in 2003 and released its first fully-electric car the BYD e6 in 2009. Today BYD has managed to outsell Tesla in its number of plug-in vehicles sold: with BYD in the 800,000s in the first half of 2022, and Tesla in the 500,000s. While BYD is leading the race in terms of the sheer volume of cars sold, Tesla far outweighs the company’s annual revenue.
Since 2009, the Chinese government has invested over $14.8 billion in subsidizing programs to help buyers cover the costs of their cars. Policies were planned to eventually phase out by the year 2020, and be replaced by a sales quota for manufacturers to sell a certain number of EVs each year.
There are about 450 Chinese EV manufacturers, however, the number does change often enough with mergers.
Need better car insurance? Let Jerry help! Jerry is the number one car insurance comparison app that will help you get a great deal that is perfect for you.
View full answer
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Browse More Content
Insurance in Your State
What Others Are Asking
How do you change the oil on a Toyota Prius?
How do you do an oil change on a Prius step by step? I don’t have a lot of extra money right now. I can’t afford to take my car in, but I want to keep up on regular maintenance so I don’t damage the engine.
Jan 06, 2022
How much does a 2006 Crown Vic turbo kit cost?
If I wanted to get a turbo kit for my 2006 Crown Vic, how much would I have to pay?
Sep 16, 2022
How can you make your car insurance go down?
What is the easiest way to make your car insurance go down? I was in an accident last year, and now I can not afford the cost of this insurance policy. It's just way too high!
Nov 01, 2021
Read Advice From Car Experts At Jerry
2012 Cadillac SRX Oil Capacity
The 2012 Cadillac SRX has an engine oil capacity of exactly 6 quarts (approximately 5.7 liters) and uses SAE 5W-30 motor oil.
A New Ford Shelby Truck Will Set You Back Over $100,000
The Ford Shelby truck is a 775 horsepower beast with beautiful styling, both inside and out—and even though it comes with a base price of about $100,000, you might just decide that this performance-oriented work of art from Shelby motors is worth the cash.