Forecast The New Energy Vehicle Market in China To Grow At a CAGR Of 36.13% During The Period 2017-2021

New energy vehicles (NEVs) are the vehicles enabled with an electric powertrain and powered through a battery. These vehicles can bring down near to zero emissions and can achieve up to 100% propulsion by electricity.

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Hence, China is pushing the adoption of more NEVs to bring down the dependency on oil fuels from the Middle East, reduce fuel emissions, and bring low-cost safer vehicles on the road.

Technavios analysts forecast the new energy vehicle market in China to grow at a CAGR of 36.13% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the new energy vehicle market in China for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Technavio's report, New Energy Vehicle Market in China 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
BYD
Geely Automobile Holdings
Yutong
Zotye Auto

Other prominent vendors
BAIC Motor Corporation
Changan Automobile Company
Chery
Daimler
Dongfeng Motor Corporation
FAW Group Corporation
GAC MOTOR
SAIC Motor
Volvo
Shenzhen Wuzhoulong Motors
Zhongtong Bus Holding

Market driver
Cost reductions in electric powertrain components
For a full, detailed list, view our report

Market challenge
Charging load from EVs will impact the power grids and cause environmental pollutions
For a full, detailed list, view our report

Market trend
Ultra-capacitors in EV energy storage system
For a full, detailed list, view our report

Browse Report @ https://www.researchmoz.us/new-energy-vehicle-market-in-china-2017-2021-report.html

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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