Published

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.
#economics #hybrid

Share

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.

RELATED CONTENT

  • Porsche Doubles EV Target for 2025

    Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.

  • Ford’s $42 Billion Cash Cow

    F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.

  • On The German Auto Industry

    A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.

Gardner Business Media - Strategic Business Solutions