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Research and Markets: Electric Vehicle Market in China 2011-2015

TechNavio’s analysts forecast the Electric Vehicle market in China to grow at a CAGR of 192.4 percent in terms of units sold over the period 2011-2015. One of the key factors for this growth is the increasing oil consumption in China. The Electric Vehicle market in China has also been witnessing the increasing initiatives by the governments to create awareness and acceptance of electric cars in China. However, the high cost of electric vehicles is acting as a barrier to the growth.

TechNavio’s report, the Electric Vehicle Market in China 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on China; it also covers the Electric Vehicle market in the China landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. The scope of this report includes the market for hybrid, plug-in, and pure electric vehicles.

Key vendors dominating this market space include SAIC Motor Co. Ltd.., BYD Co. Ltd., Toyota Motor Corp., and General Motors Co. Other vendors mentioned in the report: China First Automobile Works Group Corp, Chery Automobile Co. Ltd., Geely Automobile Holdings Ltd.

Key questions answered in this report:

What will the market size be in 2015 and at what rate will it grow?

What key trends is this market subject to?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the opportunities and threats faced by each of these key vendors?

What are the strengths and weaknesses of each of these key vendors?

You can request one free hour of analyst time when you purchase this report. Details provided within the report.

Executive Summary

TechNavio Announces the Publication of its Report – Electric Vehicle Market in China 2011-2015

TechNavio today launched its report Electric Vehicle Market in China 2011-2015 based on an in-depth study focusing exclusively on Europe. The report aims to aid decision makers and understanding of the present and future landscape of the market.

Commenting on the report, an analyst from TechNavio’s Automotive team said; ”The increasing demand for hybrid trucks such as plug-in hybrid will fuel the growth of the Electric Vehicle market in China. The size of the Global Hybrid Truck market is expected to increase tremendously by 2015. Further, the initiatives taken by the Chinese Government to invest a huge amount in the Electric Vehicles market with the aim of having massive electric vehicles on the road by 2020 will further enhance the demand for hybrid trucks; this will propel the growth of the Electric Vehicle market in China.”

According to the report, to increase the demand for electric vehicles, the Government of China has introduced the ‘Ten City One Thousand Cars’ plan, which primarily aims at increasing the adoption of electric vehicles in China. Apart from the ten cities, five more cities in China are in the process of adopting initiatives for the promotion of electric vehicles, which has led to the growth of the Electric Vehicle market in China.

Further, the report also discusses that the high cost of electric vehicles has become one of the major challenges inhibiting the growth of the Electric Vehicle market in China.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.

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