For the average price of a car in the US, you could buy 5 new Chinese EVs
By Qiaoyi Li
Published on April 28, 2026.
The Beijing Auto Show is a showcase of 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 average new car in the US in March had a list price of $51,456. In China, there are over 200 battery-powered models for sale at less than the equivalent of $25,000. Reuters compiled a list of the five best-selling electric vehicles in China that start under $12,000 using DCar data. These small EVs are not currently available for sale in American showrooms.
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