China electric vehicle (EV) market is estimated to grow at a CAGR of more than 17.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the market. Moreover, the cohesive government programs and initiatives to fuel the growth of the EV market in China. China is one of the members of the EV30@30 Campaign that aims to accelerate the deployment of EVs. Further, China is actively participating in EV pilot project programs. In 2018, the country had set a target that electric cars and plug-in hybrids vehicles to account for at least 20% of its total vehicle sales by 2025. In 2019, the country has reduced the subsidies on the electric vehicle as it is a developing economy and is unable to spend a huge amount of subsidies. The growing investment by major market players in the Chinese market is anticipated to offer ample growth opportunities for the electric vehicle market in China.
Get Free Sample link @ https://www.omrglobal.com/request-sample/china-electric-vehicle-market
The market is segmented on the basis of vehicle type, propulsion technology, and battery Type. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology the market is sub-segmented into battery electric vehicles, and plug-in hybrid electric vehicles. Based on the propulsion type, plug-in hybrid vehicles are anticipated to have considerable market growth during the forecast period. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others.
A full report of China Electric Vehicle Market available @ https://www.omrglobal.com/industry-reports/china-electric-vehicle-market
- Market Coverage
- Market number available for – 2019-2025
- Base year- 2019
- Forecast period- 2020-2025
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
China Electric Vehicle Market by Vehicle Type
- Commercial Vehicles
- Passenger Cars
- Two-Wheelers
China Electric Vehicle Market by Propulsion Technology
- Battery Electric Vehicles
- Plug-in Hybrid Electric Vehicle
China Electric Vehicle Market by Battery Type
- NiMH
- Li-Ion
- Others
Company Profiles
- BMW AG
- BYD Co. Ltd.
- Chery Automobile Co., Ltd.
- General Motors Co.
- Honda Motor Co., Ltd.
- Lucid Motors, Inc.
- Nio Ltd.
- Nissan Motor Co.
- Quiantu Motor
- WM Motor Technology Co Ltd,
The Report Covers
- Comprehensive research methodology of China Electric Vehicle market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting China Electric Vehicle market.
- Insights about market determinants which are stimulating the China Electric Vehicle market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/china-electric-vehicle-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
