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.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/electric-vehicle-market-china-2011-2015
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TechNavio Announces the Publication of its Report – Electric Vehicle Market in China 2011-2015
