Productivity of the China electric vehicle market is moderately less. As per the statistics of national Association of Automobile Manufacturers, China’s productivity stood only around 12, 550 units in 2012. Pure electric was the key market vehicle the same year. It had an output of 11, 242 units in 2012. On the other hand, hybrid electric vehicles generated about 1, 311 units in 2012.
With the proliferation of China’s industrial regulations, this market is predicted to expand rapidly in the near future. The growth route of novel energy automotives in China has been established. In the phase spanning the ‘twelfth-five-year,’ the nation may pay more attention & priority to plug-in-hybrid & pure electric vehicles. This could boost the cumulate revenue volumes of electric vehicles.
The report “China Electric Vehicle Market 2013-2017” is available now at http://www.radiantinsights.com/research/research-and-forecast-of-china-electric-vehicle-industry-2013-2017
Also, three key technical directions of electric control & motor technologies and power batteries have been established. As a form of energy-saving vehicles with intermediary technology; only hybrid vehicles (excluding plug-ins) witness privileged taxation & finance, much lesser than electric vehicles. Regulatory aid, personal customer demands, and industry shifts have also added market sales. The vehicular industry across China has widened its esteemed & huge base of electric vehicles. This base is backed by public & private sectors. Promotion of these vehicles should result in Chinese safety & energy preservation.
Electric vehicles can lower ‘carbon dioxide’ ejections. Development of said vehicles also decreases the nation’s dependency on oil imports. These factors bode well for the China electric vehicle market and propel its earnings. With the nation’s higher car demand, its connected gasoline demand can pressurize energy security.
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China backs & fuels the growth of alternative energies. Its government planned to make the country a dominating producer of hybrid & electric vehicles by 2012. The objective met two primary requirements. The first was ecological improvements & home energy-savings. It was followed by the transformation of vehicle manufacturers into key automobile participants. Though China has one of the biggest vehicular industries around the globe, one of its largest drawbacks is its outmoded gasoline technology. Shift to huge-scale ‘electric vehicle’ operations should make the country more competitive than the west.
More Reports of this category by Radiant Insights:
• Electric Vehicle Market in China
China has been aggressive in its efforts to promote EV adoption, primarily to cope with the growing pollution scenario. China was placed at the top of the nations with the most carbon dioxide emissions in 2011. Chinas tremendous economic growth has been riding on the countrys manufacturing sector, which has been a key contributor to the emissions. Apart from the manufacturing sector, industrial segments such as thermal power plants have also contributed largely to the countries carbon emissions. The share of the transportation sector in carbon emissions has increased significantly in the past two decades.
• Connected Car Ecosystem Market
The growing proliferation of embedded in-vehicle connectivity and Smartphone integration platforms has made connected cars one of the fastest growing segments of the IoT (Internet of Things) market. Keen to establish recurring post-sale service revenue streams, all major automotive OEMs are investing in connected car programs. Other ecosystem players, such as mobile operators and telemetric specialists, are also vying to gain a larger share of the opportunity. In fact, many mobile operators have expanded beyond their traditional role as connectivity providers, to offer end-to-end connected car platforms directly to automotive OEMs and aftermarket suppliers.
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