Thursday, October 6, 2022
HomeDigit NewsChinese electric cars have fallen in price by almost 3 times over...

Chinese electric cars have fallen in price by almost 3 times over the past 10 years



For example, now it has become clear in concrete figures how much the prices for environmentally friendly transport in the Middle Kingdom have dropped in recent years. In some cases, Chinese models have become half the price of European counterparts.

If we talk about the segment of “full-size cars”, then their average price has dropped by 2.75 times since 2011.

It is reported that the main reason for the rapid growth of the electric vehicle market is assistance from the state. The main impetus in this direction was made by the Minister of Science and Technology of the PRC Wan Gang – he, being an ex-employee of Audi, was actively engaged in ousting European cars from the market.

Government subsidies were no less important, thanks to which the production of electric vehicles became stable and significantly cheaper.

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