China’s Electric Vehicle Market Grows to 17% Market Share in January
2021 The electric vehicle market in China is booming. In January 2021, the market share of electric vehicles (EVs) in China rose to 17%, a new record high. This is a significant increase from the 11% market share EVs held in January 2020. The growth of China's EV market is being driven by a number of factors. Firstly, the Chinese government has been actively promoting the adoption of EVs. The government has implemented a number of policies to encourage the purchase and use of EVs, including subsidies, tax incentives, and