Electric Vehicle Market in China to Grow 30.3% by 2020 – Monetary Subsidies Empowering EVs – Research and Markets

DUBLIN, June 17, 2016 /PRNewswire/ —

Research and Markets has announced the addition of the “Electric Vehicle Market in China 2016-2020” report to their offering.

The electric vehicle market in China is forecast to grow at a CAGR of 30.3% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the electric vehicle market in China for 2016-2020. The market is segmented based on the technology type:

A trend which is expected to boost market growth is the low ownership of vehicles per capita and the migration from rural to urban areas. Low penetration rate of passenger cars in China has made the region one of the most attractive markets for global automakers. The massive size of the country (home to the world’s largest population) offers immense potential in terms of vehicle penetration per capita.

According to the report, a key growth driver is the monetary subsidies which are making EVs to become competitively prices. Electrifying public transport has gained importance in China. The Chinese government has supported both manufacturers and customers to encourage the use of EVs. In line with this, the Chinese government has rolled out initiatives designed to encourage the use of EVs.

Further, the report states that one challenge that could restrict market growth is the anxiety surrounding the range of travel offered by EVs. The storage capacity of the battery in an EV poses a key challenge faced by customers (as a result most customers fear to venture far from a charging station).

Key vendors:

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by type

PART 07: Market segmentation by technology

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/gjdtt7/electric_vehicle

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SOURCE Research and Markets

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