In 2024, China emerged as the leading exporter of electric vehicles (EVs), commanding a 40% share of global exports. The Global EV Outlook 2025 report marks how affordable Chinese models have influenced the electric car market, particularly in emerging economies. Countries such as Thailand, Brazil, and Mexico saw a remarkable increase in the adoption of Chinese electric cars. However, recent tariff changes pose challenges to this growth. Chinese Electric Vehicles in Emerging Markets Chinese electric cars are priced competitively in several emerging markets. In countries like Indonesia, Thailand, and Mexico, the cost of the cheapest battery electric vehicles (BEVs) is comparable to that of the least expensive internal combustion engine (ICE) models. This pricing strategy has catalysed a surge in EV adoption. In Thailand, for instance, the average price of a Chinese EV was lower than that of conventional vehicles in 2024. Market Shares and Trends In Brazil, Chin...