China''s transition to electric vehicles | MIT Energy Initiative
Total cost in China of owning an EV compared to an ICE vehicle over the lifetime of the car Before 2020, owning either type of plug-in EV is less costly than owning an ICE vehicle due to the subsidy paid on EV purchases. After the subsidy is removed and the mandate imposed in 2020, owning a hybrid EV (orange curve) is comparable to owning an ICE vehicle.