DUBLIN--(BUSINESS WIRE)--The "Research Report on Electric Vehicle Industry in China, 2017-2021" report has been added to Research and Markets' offering.
In terms of the development trend of current technologies and vehicle driving principles, electric vehicles can be divided into three categories: battery electric vehicles, hybrid electric vehicles and fuel cell electric vehicles. Since fuel cell electric vehicles are not widely put in commercial use, electric vehicles usually refer to battery electric vehicles and hybrid vehicles.
In terms of application fields, electric vehicles can be categorized into electric passenger vehicles and electric commercial vehicles. Electric passenger vehicles include battery electric vehicles for passengers and hybrid vehicles for passengers. Electric commercial vehicles include battery electric buses and electric special vehicles. Both of these two types of commercial vehicles are driven by electricity, which generates low noise with high driving stability.
From the perspective of technology, hybrid vehicles share many advantages with electric vehicles and avoid some development bottlenecks of battery electric vehicles. Hybrid vehicles are good at saving energy, reducing emission and reducing costs. The current technology of hybrid vehicles is advanced enough to avoid incremental costs and energy waste. Hybrid vehicles operate mainly based on traditional driving modes and existing infrastructure.
The Chinese government has set goals on the purpose of reducing air pollution and increasing the competitiveness of domestic automobile manufacturers. It hopes that electric vehicles and plug-in hybrid electric vehicles will have occupied one fifth (approximately 7 million) of the automobile sales volume in China by 2025. The government also requires that 8% of vehicles sold in China should be electric vehicles in 2018. This figure is expected to rise to 12% in 2020.
It is estimated that the Chinese government will continue to directly subsidize the electric vehicle industry during 2018 and 2022, despite possible decreases in the average subsidy for each vehicle. Considering policies (e.g. vehicle purchase restrictions and traffic restrictions) issued by some local governments in China and relative low costs of electric vehicles, the CAGR of China's production and sales volume of electric vehicles is expected to remain over 15% during 2018 and 2022, far higher than the growth rate of the whole automobile industry.
Key Topics Covered:
- Basic Concept of Electric Vehicles
- Overview of Global Electric Vehicle Industry, 2013-2017
- Overview of Electric Vehicle Industry in China, 2013-2017
- Analysis on Charging Facilities of Electric Vehicles in China, 2012-2021
- Analysis on Electric Passenger Vehicle Industry in China, 2012-2021
- Analysis on Electric Commercial Vehicle Industry in China, 2012-2021
- Overview of New Energy Automobile Pilot Cities in China
- Major Electric Vehicle Manufacturers in China, 2016-2017
- Prospect of Electric Vehicle Industry in China, 2017-2021
Companies Featured
- Anhui JAC Co., Ltd.
- BAIC Motor Co., Ltd.
- BYD Co., Ltd.
- Chery Automobile Co. Ltd.
- China Changan Automobile Group
- Dongfeng Motor Co., Ltd.
- Jiangling Motors Co., Ltd.
- SAIC Motor Co., Ltd.
- ZOTYE Auto Group
- Zhejiang Geely Holding Group
For more information about this report visit https://www.researchandmarkets.com/research/ng4jph/research_report
