Boston, MA -- (SBWIRE) -- 06/22/2016 -- An EV (also referred to as electric drive vehicle) is powered by an electric motor. EVs use batteries to store energy, which is supplied to electric motors. A controller regulates the energy flow from the battery to electric motor based on the requirement gauged by the driver's force applied on the accelerator pedal. This torque is transferred to the wheels and propels the vehicle.

Technavio's analysts forecast the electric vehicle market in China to grow at a CAGR of 30.3% during the period 2016-2020.

Covered in this report

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:

-BEVs
-PHEVs

Technavio's report, Electric Vehicle (EV) Market in China 2016-2020, 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.

Get More Details on this Report and a Full Table of Contents at Electric Vehicle Market in China 2016-2020

Key vendors

-BAIC Motors
-BYD
-FDG
-Geely
-Wuzhoulong
-Yutong
-Zotye Auto

Other prominent vendors

-BRILLIANCE AUTO
-Changan
-Chery
-Dongfeng Motors
-FAW
-GAC
-Great Wall Motor Company
-SAIC

Market driver

-Monetary subsidies empowering EVs to become competitively priced with ICE vehicles
-For a full, detailed list, view our report

Market challenge

-Range anxiety of EVs
-For a full, detailed list, view our report

Market trend

-Low vehicle per capita and high rural to urban migration to offer an attractive electric car market
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 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?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: BAIC Motors, BYD, FDG, Geely, Wuzhoulong, Yutong, Zotye Auto, BRILLIANCE AUTO, Changan, Chery, Dongfeng Motors, FAW, GAC, Great Wall Motor Company, SAIC

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