This report provides the Economist Intelligence Unit''s assessment of China''s future market for electric vehicles, as well as its production capabilities. Through interviews with senior management at carmakers and other market observers, we identify the barriers that may prevent China from reaching its goals in terms of EV development.
READ MOREInterest in electric cars has spiked in Israel since Tesla''s entering into its market in February 2021. Other EV models, especially those made by Chinese auto manufacturers, soon made great strides. In 2019, there were only 12 models of EVs in Israel; while now the number of options for Israeli consumers has doubled with diverse
READ MOREChinese manufacturer BYD Auto topped electric car sales in Israel in the first two months of 2024, according to data released by the Israel Vehicle Importers Association on Sunday.
READ MOREWhile sales of electric cars are increasing globally, they remain significantly concentrated in just a few major markets. In 2023, just under 60% of new electric car registrations were in the People''s Republic of China (hereafter ''China''), just under 25% in Europe,2 and 10% in the United States – corresponding to nearly 95% of global electric car sales combined.
READ MOREJERUSALEM -- Sales of Chinese electric vehicle (EV) manufacturer Xpeng Motor''s models were launched in Israel on Monday at a press event held in the central city of Rishon Lezion. At the event, two Xpeng EV models that will be sold in Israel were presented, the compact executive sedan P7 and the mid-sized luxury SUV G9.
READ MOREChinese electric cars have taken Israel by storm in a short period of time, as according to the latest figures issued by the Israel Vehicle Importers Association, China jumped to Israel''s largest
READ MORE5 · Chinese electric cars have taken Israel by storm in a short period of time, as according to the latest figures issued by the Israel Vehicle Importers Association, China jumped to Israel''s largest supplier of imported passenger cars in
READ MOREMarket Scenario. Israel Electric Vehicle Market was valued at US$ 3.0 billion in 2023 and is projected to hit the market valuation of US$ 12.9 billion by 2032 at a CAGR of 52.42% during the forecast period 2024–2032. EV demand has increased by 40% and this type of car accounts for about one-fourth of all new cars sold.
READ MOREThe shift to electric cars has also shaken up the mix of brands being sold in Israel with Chinese companies moving strongly into the local market. In the first 11 months of 2022, 24,000 electric vehicles were sold in Israel including 6,000 in November alone and 64% of the electric vehicles sold in Israel this year were made in China.
READ MOREChinese brands have notably dominated the electric vehicle sector in Israel, accounting for a substantial 61% of EVs sold in 2023. This dominance
READ MOREJERUSALEM -- Chinese automaker BYD stood as the best-selling electric vehicle (EV) brand in Israel in the first 10 months of this year by selling 14,320 cars,
READ MOREChina has said it will rein in expansion of the country''s electric vehicle sector, as Beijing responds to western criticism of its industrial and trade policies that have contributed to a wave
READ MOREIn Israel, Chinese brands topped electric car sales in the first half of 2023, according to data from the Israel Vehicle Importers Association. During that period, China''s BYD and Geely Auto Group
READ MOREJERUSALEM, July 27 (Xinhua) -- Yahel Davian, an Israeli student majoring in Asian studies at Haifa University, selected the global expansion of China''s electric vehicles (EVs) as
READ MOREJERUSALEM, Sept. 13 (Xinhua) -- The Geometry C electric car produced by China''s automaker Geely Auto Group became the best-selling vehicle model in Israel in August, marking the first time that an electric car (EV)
READ MOREChinese carmaker Geely leads the way in overall 2022 EV car sales in Israel. Geely has sold 5,700 of its Geometry C EVs and has a 25% market share. In second place in Tesla,
READ MOREBYD is expanding to Israel. BYD continues its series of market entries with passenger car models outside China. In Israel, the Chinese manufacturer is cooperating with Shlomo Motors for the distribution of its electric cars and will accept orders there from August. The first two BYD showrooms in Israel are to open in Petach Tikva and Haifa in
READ MOREEVs were rarely seen in Israel before 2021 when Chinese car companies first started to enter the country''s market, where EVs only accounted for 3.8 percent of total car sales. But in 2022 and the first half of 2023, this proportion climbed to 10 percent and 16.3 percent, respectively, surpassing that of many European countries.
READ MOREChinese electric-vehicle (EV) manufacturer XPeng has reaffirmed its commitment to global expansion with a recent shipment of 750 electric vehicles to
READ MOREChinese-made electric vehicles are in a noteworthy position to drive the sector''s growth in the Middle East, which could help shape government policy, meet
READ MOREGetty Images. Half of the world''s electric car sales are made in China. In July, the China Passenger Car Association predicted that 6 million new EVs would be registered in the country in 2022 - a
READ MOREJERUSALEM, Nov. 2 (Xinhua) -- Chinese automaker BYD stood as the best-selling electric vehicle (EV) brand in Israel in the first 10 months of this year by selling 14,320 cars, according to figures
READ MOREThe Electric Vehicles market in in Israel is projected to grow by 7.09% (2024-2028) resulting in a market volume of US$2,912.0m in 2028. Skip to main content statista
READ MOREJERUSALEM -- Chinese electric cars have taken Israel by storm in a short period of time, as according to the latest figures issued by the Israel Vehicle
READ MOREJERUSALEM -- Chinese automaker BYD stood as the best-selling electric vehicle (EV) brand in Israel in the first 10 months of this year by selling 14,320 cars, according to figures published by the Israel Vehicle Importers Association on Thursday. From January to October, BYD, which entered the Israeli market in late 2022, ranked
READ MOREThe Geely logo is seen on a rim at a car dealership in Shanghai, on Aug 17, 2021. [Photo/Agencies] JERUSALEM — Chinese automaker Geely Auto Group has started selling electric cars in Israel
READ MOREDespite Tesla slashing EV prices, in an attempt to increase its global presence, Chinese car maker Geely Auto Group had a larger market share, selling more than 5,381 of its Geometry C electric
READ MOREDespite the impressive growth and substantial market share, the Israeli Electric Vehicle segment''s true potential is far from being exhausted. By DUBI BEN-GEDALYAHU JULY 10, 2023 01:00
READ MOREJERUSALEM, Nov. 2 (Xinhua) -- Chinese automaker BYD stood as the best-selling electric vehicle (EV) brand in Israel in the first 10 months of this year by
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