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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 · Updated on
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
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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.
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