New Delhi, May 15 -- China, with its affordable models, dominated global electric car exports in 2024, while driving EV adoption in emerging markets, stated the Global EV Outlook 2025 released on May 14, 2025.

In some markets, such as Indonesia, Thailand and Mexico, the cheapest battery electric car models even retailed at similar prices to the cheapest models with internal combustion engine (ICE). In all of the five emerging markets assessed by the report-Brazil, India, Indonesia, Mexico and Thailand-electric models made by Chinese original equipment manufacturers (OEMs) were, on average, cheaper than the average electric car, helping to drive uptake.

In Thailand in 2024, the average price of a Chinese EV was lower than the average pr...