The report by the International Council on Clean Transportation (ICCT) shows that China leads the global zero - emission vehicle (ZEV) market and has outstanding performance in the field of electric vehicles. Nowadays, China's annual sales of electric vehicles exceed 11 million, accounting for more than half of the global total. This achievement is attributed to the strong domestic market demand and the precise export policies of Chinese manufacturers. This year, the monthly sales of electric vehicles exceeded 1 million for the first time.

 

Chinese carmakers occupy the top five in terms of coverage of zero-emission vehicle categories and five of the top six in terms of the share of electric vehicle sales, according to ICCT data. Geely, SAIC and other companies account for 50% of electric vehicle sales, achieving the original 2025 target a year ahead of schedule. In 2024, BYD's global pure electric vehicle sales surpassed Tesla for the first time. The sales of pure electric vehicles increased by 25% year-on-year, and the combined sales of pure electric vehicles and plug-in hybrid vehicles increased by 47% year-on-year.

 

BYD and Tesla are both included in the "leader" category of the ICCT rating system. As Chinese carmakers expand in global markets, other leading global carmakers are under urgent pressure to accelerate their transformation or risk losing their competitive advantage, according to the president of ICCT.