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| China EV Market 2024 |
According to TechSci Research report, “China
Electric Vehicle Market By Vehicle Type, By Drivetrain Technology, By Charging
Infrastructure, Competition, Forecast & Opportunities, 2014 – 2024”, China electric vehicle market is projected to
grow at a CAGR of over 28% during 2019 - 2024. The primary factor expected to
drive the market is the favorable government policy, which targets electric
vehicle sales constituting 10% of the conventional passenger vehicle market by 2019
and 12% by 2020. Rising air pollution levels, expanding charging infrastructure
and increasing consumer preference towards electric vehicles are some of the
other major factors expected to boost sales of electric vehicles in China
during the forecast period.
Browse 56 market data Figures and Tables spread
through 84 Pages and an in-depth
TOC on
"China Electric Vehicle Market" https://www.techsciresearch.com/report/china-electric-vehicle-market/1359.html
Growing presence of various companies such as Yadea Group Holdings Ltd., AIMA
Technology Co. Ltd, Zhejiang Luyuan Electric Vehicle and BYD Company, in
addition to their rising focus on research & development efforts to
manufacture technologically advanced as well as more affordable electric
vehicles, is anticipated to positively influence the country’s electric vehicle
market in the coming years. Electric two-wheeler segment accounted for
three-fourth of the market share in 2017, and the segment is expected to
maintain its market dominance during the forecast period, backed by economical
pricing, ease of availability, and faster charging time as compared to other
electric vehicle types. North China is the largest demand generating region for
electric vehicles in China, owing to huge population, rapid urbanization, and
presence of major electric vehicle manufacturers and their strong dealer and
distribution network across the region.
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“Favorable government
policies such as subsidies and tax exemptions aimed at encouraging the use of
electric vehicles coupled with rising disposable income is boosting sales of
electric vehicles in China. Moreover, air pollution levels are growing at an
alarming rate in the country, owing to which consumer preference is gradually
shifting towards electric vehicles. These factors are anticipated to have a
positive impact on China electric vehicle market over the course of next five
years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“China Electric Vehicle Market By Vehicle Type, By
Drivetrain Technology, By Charging Infrastructure, Competition, Forecast &
Opportunities, 2014 – 2024” has analyzed the potential of electric vehicle market across China,
and provides statistics and information on market size, shares and trends. The
report will suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyzes emerging trends along with essential
drivers and key challenges faced by the industry.
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- Global Small Electric Vehicle Market, 2022 - https://www.techsciresearch.com/report/global-small-electric-vehicle-market-by-technology-hybrid-electric-vehicle-plug-in-hybrid-electric-vehicle-battery-electric-vehicle-by-battery-type-by-geography-competition-forecast-opportunities/1039.html
- Global Electric Vehicle Infrastructure Market, 2011 – 2021 - https://www.techsciresearch.com/report/global-electric-vehicle-infrastructure-market-by-type-ac-charger-dc-charger-by-installed-location-commercial-residential-by-region-north-america-europe-asia-pacific-competition-forecast-and-opportunities-2011-2021/688.html
- Other Reports on Electric Vehicle Market – Electric Vehicle
About TechSci Research
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firm publishing premium market research reports. Serving 700 global clients
with more than 600 premium market research studies, TechSci Research is serving
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