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Study: EVs Could Capture 4% of China Car Market by 2020
Frost & Sullivan says Chinese government support for an electric-car market could boost sales of EVs and plug-in hybrids to 1.2 million units per year by the end of the decade.
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Frost & Sullivan says Chinese government support for an electric-car market could boost sales of EVs and plug-in hybrids to 1.2 million units per year by the end of the decade.
The surge would hike the share of China's car market held by electrified powertrains from 0.1% in 2013 to 4.2% by 2020. Over the same period, the proportion of the market represented by gasoline-fueled vehicles would shrink from 99% to 95%. Frost & Sullivan predicts diesels won't advance their current 1% share.
The report notes that an expected improvement in China's public transportation system, coupled with saturated car capacity in the country's largest cities, could slow the growth in demand for cars and thus powertrains of any type.
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