TechNavio today launched its report, Light-duty Green Vehicles Market in China 2012-2016, based on an in-depth analysis exclusively focusing on China. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The increased expenditure on the RandD of green vehicles will be a major trend in the future, which will lead to the growth of the Light-duty Green Vehicles market in China. Both manufacturers and the Chinese government will increase their expenditure on the RandD of green vehicles. Furthermore, there will be an increase in the expenditure on the development of infrastructure, which will support the industry and help the Light-duty Green Vehicles market in China grow.”
According to the report, one of the major drivers in this market is the increased oil consumption in China. The requirement for oil in China is met through imports because the country’s oil reserves are rapidly depleting. This has become a main concern for the country, and hence people are now looking for alternative fuel vehicles. Moreover, China has less than 1 percent of its oil reserves left. This shortage of oil reserves and the increasing demand for vehicle fuels are inducing China to discover alternative ways to reduce the country’s dependence on oil.
Further, the report reveals that the high cost of green vehicles is one of the major challenges confronting the market.
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 vendors. For further information on this report, please visit https://www.technavio.com/content/light-duty-green-vehicles-market-china-…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Light-duty Green Vehicles Market in China 2012-2016
