New energy vehicles (NEVs) are the vehicles enabled with an electric powertrain and powered through a battery. These vehicles can bring down near to zero emissions and can achieve up to 100% propulsion by electricity. Hence, China is pushing the adoption of more NEVs to bring down the dependency on oil fuels from the Middle East, reduce fuel emissions, and bring low-cost safer vehicles on the road.
Technavio’s analysts forecast the new energy vehicle market in China to grow at a CAGR of 36.13% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the new energy vehicle market in China for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Technavio’s report, New Energy Vehicle Market in China 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • BYD • Geely Automobile Holdings • Yutong • Zotye Auto
Other prominent vendors • BAIC Motor Corporation • Changan Automobile Company • Chery • Daimler • Dongfeng Motor Corporation • FAW Group Corporation • GAC MOTOR • SAIC Motor • Volvo • Shenzhen Wuzhoulong Motors • Zhongtong Bus Holding
Market driver • Cost reductions in electric powertrain components • For a full, detailed list, view our report
Market challenge • Charging load from EVs will impact the power grids and cause environmental pollutions • For a full, detailed list, view our report
Market trend • Ultra-capacitors in EV energy storage system • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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