Albany, NY -- (SBWIRE) -- 09/04/2017 -- 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.
The new energy vehicle market in China to grow at a CAGR of 36.13% during the period 2017-2021. 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.
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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.
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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
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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