For the average price of a car in the US, you could buy 4 new Chinese EVs
The average price of a new car in the U.S. is significantly higher than that of electric vehicles (EVs) in China. Consumers in China can purchase multiple EVs for the price of one average U.S. car. This price disparity highlights the competitive nature of the Chinese automotive market.
- ▪The average new car price in the U.S. was $51,456 in March 2026.
- ▪In China, over 200 battery-powered models are available for under $25,000.
- ▪Top-selling EVs in China include the Geely EX2 and Wuling Hongguang MiniEV, with prices starting as low as $6,560.
Opening excerpt (first ~120 words) tap to expand
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1752487595835-0'); }); For the average price of a car in the US, you could buy 5 new Chinese EVs By Qiaoyi Li and David Dolan,Reuters - Apr 28, 2026 - 11:45 All,World Visitors check the interior of a Geely GEOME Xingyuan electric vehicle (EV), also known as Geely EX2, displayed at the Beijing International Automotive Exhibition, or Auto China, in Beijing, China April 26, 2026. REUTERS/Xiaoyu Yin BEIJING - Call it a different kind of sticker shock. The Beijing Auto Show that opened to the public this week is a showcase for how hypercompetition in China has driven new car prices in the world's largest car market to a fraction of the level of the next-largest market, the U.S. The contrast is stark.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Japan Wire by Kyodo News.