According to reports from the Australian Automobile Channel, considering the development of electric vehicles in recent years and the economic, environmental and road safety aspects of China, the Chinese government has decided to make the Chinese auto market a global leader in the sales of plug-in electric vehicles. One of the goals is: In 2015, China's electric vehicle production reached an annual output of 500,000 units.
However, a recent report published by Pike Research, a market research firm, shows that in 2015, the annual sales of electric vehicles are expected to be only 45,000 units, and that by 2017, sales are expected to reach only 152,000 units. It is less than 1% of the Chinese light vehicle market.
“Since 2012, some Chinese-made electric vehicles have already been sold to the general public,†said analyst John Gartner. “Of course, there are more and more indications that China’s electric car manufacturers Advanced technology has not yet been developed to attract consumers, and the goals set by the government are unlikely to be achieved, but in the long run, China’s plans will promote the development of the global electric vehicle market.
Since 2003, Chinese automakers have released 40 models of electric vehicles and promised to have 31 plug-in hybrid electric vehicles to go public in 2015. Some domestic automakers, such as BYD, Foton, and SAIC, have already introduced hybrid or plug-in electric vehicles in 2011. In addition, some foreign automakers, especially American and Japanese automakers such as GM, Honda, Nissan, and Toyota, are some of the companies that entered the Chinese electric vehicle market earlier. The European automobile manufacturers do not have plans for the Chinese electric vehicle market for the time being.
The report "China's Electric Vehicle Market" outlines the opportunities and challenges of China's electric vehicle market, analyzes government programs, policy orientation, industry technical issues, specification issues, and the situation of major Chinese automakers. Specific reports for different models and battery types include 2017 market forecasts.
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