Electric Vehicle in China : Is the Market Ready for a Boom?
Being the largest manufacturing center in the world, China's industry contributes to over 50% of total energy demand, and transport sector is even expected to grow at a faster rate with a significant increase of auto vehicles sales. The government has set ambitious goals and put aggressive efforts for electric vehicles, but the adoption rate is significantly lower than initially expected. This white paper explains the main hindrances of green vehicle adoption in China, and how the HEV (Hybrid Electric Vehicle) and PHEV (Plug-in Hybrid Electric Vehicle) have been chosen by OEMs as a bridge to achieving BEV (Battery Electric Vehicle) in the country.
This white paper aims to address these main questions :
- 01. What is the current situation of China's electric vehicle?
- 02. How will HEV will emerge as a stop-gap market leader in China’s quest for pure electric vehicle adoption?
- 03. What are barriers to the electric vehicle development initiatives?