China Leads Electric Vehicle Market (BEV, PHEV) 2020 Forecasts Say New Research Reports

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Sep 05, 2016, 02:00 ET

PUNE, India, September 5, 2016 /PRNewswire/ --

RnRMarketResearch.com adds "Global and China Electric Vehicle (BEV, PHEV) Industry Report, 2016-2020" and "Research Report on Electric Vehicle Industry in China, 2011-2020" with 2020 forecasts data and information to its online business intelligence library.

In 2015, global and Chinese electric vehicle markets were still in the accelerated growth phase; wherein, the global electric vehicle (EV & PHEV) sales volume reached 549,000, increasing by 72.83% year on year; China sold 331,100 electric vehicles, with a year-on-year surge of 343%. From January to February of 2016, the sales volume in China totaled 35,700, going up 1.7 times year on year and marking the sustainable growth.

Affected by multiple factors such as environmental requirements, new technologies and business promotion, the future global and Chinese electric vehicle markets will maintain a rapid development pace. Global and China's sales volume is expected to exceed the 2 million mark in 2019 and 2020 respectively, and China will become the world's leading electric vehicle (EV & PHEV) market.

Complete report of 152 pages and 138 list of charts is available at http://www.rnrmarketresearch.com/global-and-china-electric-vehicle-bev-phev-industry-report-2016-2020-market-report.html

From the point of view of market segments:

Passenger Vehicle Market: The demand for plug-in hybrid vehicles which are more in line with the current consumer habits is growing radically, with a rising market share. In 2015, the sales volume amounted to 63,700, with 30.8% market share; in the first two months of 2016, it climbed to 9,727 with 41.2% market share. Chinese plug-in hybrid passenger vehicle manufacturers mainly refer to BYD, SAIC Roewe, GAC Trumpchi, BMW Brilliance, Volvo and the like. With two models --- Qin and Tang, BYD garners the overwhelming share in this market, namely 79% in 2015 and 80% in the first two months of 2016. In future, joint ventures will perform more actively; FAW-Volkswagen (Golf plug-in, Bora plug-in, Magotan plug-in), Shanghai GM (LaCrosse plug-in), Honda (Accord plug-in), Dongfeng Peugeot, Dongfeng Yulong, DongfengYueda Kia (K5 plug-in) plan to launch plug-in hybrid models in 2020.

Chinese Electric Vehicle Manufacturers are SAIC Motor, FAW Group, Dongfeng Motor Corporation, BYD, Changan Automobile, Chery Automobile, GEELY, BAIC Group, GAC Group, Brilliance Auto, Great Wall Motor, JAC and Zotye.

Purchase a copy of Global and China Electric Vehicle (BEV, PHEV) Industry Report, 2016-2020 at http://www.rnrmarketresearch.com/contacts/purchase?rname=524322

Bus Market: The output escalated 313% year on year to 112,400 in 2015 and rose 39.48% year on year to 4,430 in the first two months of 2016. The main reason for the slowing growth rate lied in adjusted subsidies. Currently, the market is primarily promoted by the government and subsidies, and the market size will reach about 200,000 buses in 2020. In 2015, main players in this market embraced Yutong Bus, Xiamen King Long Motor Group (including three wholly-owned subsidiaries: Higer Bus, Xiamen King Long United Automotive Industry, Xiamen Golden Dragon Bus), Zhongtong Bus, etc.. In 2016, the changes in subsidies will encourage bus companies to prioritize high-performance products with more than 8 meters.

Special Purpose Vehicle Market: The output soared 10.7 times year on year to 47,800 in 2015; in the first two months of 2016, the output jumped by 115.55% year on year to 804.

Explore more Electric / Green Vehicle market reports at http://www.rnrmarketresearch.com/reports/automotive-transportation/automotive/electric-green-vehicle

On Similar lines, another research titled Research Report on Electric Vehicle Industry in China, 2011-2020 says next 10 years will be an important strategic opportunity period for the transformation and upgrading of the global automobile industry.

Compared with the traditional automobile industry chain, there are more suppliers in the upstream electric vehicle industry chain, which includes suppliers of battery, motor and other electrical accessories. Meanwhile, the monopoly position of automobile plants is challenged in the automobile industry chain, and some automobile design companies and battery suppliers, with the opportunities of the electric vehicles upgrade to new automobile plants. In addition, automobile services in the downstream industry chain have the new energy services, involving the participation of the constructors of charging facilities, charging stations and charging piles. Accordingly, the arrival of electric vehicles brings great changes to components of the traditional automobile industry chain. With the emerging new participators, the traditional automobile industry chain is no longer appropriate for the electric vehicle industry. Major Electric Vehicle Manufacturers in China are BYD, Kandi Electric Vehicles Group Co., Ltd., ZOTYE Auto, BAIC Motor Co., Ltd., Chery Automobile Co., Ltd., SAIC Motor Co., Ltd. and Anhui JAC Co., Ltd.

Order a copy of this Research Report on Electric Vehicle Industry in China, 2011-2020 at http://www.rnrmarketresearch.com/contacts/purchase?rname=604258

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