Electric Vehicle Market in China 2016-2020

  • Published: May 2016
  • Pages: 79
  • SKU: IRTNTR9351

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This market research report presents a detailed segmentation of the electric vehicle (EV) market in China by type (passenger and commercial vehicles) and by technology (BEVs and PHEVs). This market analysis also outlines the shares of leading vendors in the market include BAIC, BYD, FDG, Geely, Yutong, Wuzhoulong, and Zotye.


Overview of the electric vehicle (EV) market in China

Technavio’s market research analyst predicts the electric vehicle (EV) market in China to grow at a CAGR of more than 30% by 2020. Owing to the stringent emission standards for passenger and commercial vehicles in China, several customers are moving towards the purchase of EVs to reduce their emissions. This shift has propelled several original equipment manufacturers (OEMs) to focus on battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and other AFVs (alternate fuel vehicle). Recently, China has launched new fuel consumption regulations that require average fuel consumption of new passenger vehicles to achieve 5 L/100 km by 2020, which is reduce emissions by around 25% beyond current standards. Factors such as the increasing concerns over fuel efficiency and emission reductions will augment the adoption of EVs in China in the coming years.

Manufacturers have come up with pure EVs and plug-in hybrids and are developing higher energy density batteries that can store more energy. They are focusing on developing better vehicle charging infrastructure and reduce charging times and costs. For instance, Envision Solar has invented a portable solar-powered parking space called the EV ARC which can be installed by municipalities and businesses in parking lots, on streets, and at retailers' premises. Such advancements in charging technologies will boost the adoption of EVs over the next few years.

Segmentation by type and analysis of the EV market in China

  • Passenger vehicles
  • Commercial vehicles

During 2015, the passenger vehicle segment dominated the market and accounted for more than 54% of the total market share. Passenger cars are the key segment in China's electric vehicle industry owing to the increasing demand for electric cars among new car buyers and aspiring purchasers. Easy licensing, subsidies, fiscal incentives provided by state and central governments, growing consumer concerns on creating a better environment are the key factors fuelling the growth of electric passenger cars in China.

Segmentation by technology and analysis of the EV market in China

  • BEVs
  • PHEVs

The BEVs segment will lead the market during the forecast period and will occupy more than 68% of the overall market share. The buyers of passenger cars are more attracted toward BEVs because they offer more benefits regarding subsidies and fiscal incentives, compared to PHEVs. The BEV segment is expected to grow significantly in the coming years due to the Chinese government's efforts curb carbon and GHG emissions.

Competitive landscape and key vendors

The market is largely fragmented and hosts many foreign and domestic players. Many players are investing in China to set up plants and operating joint ventures to cater to the domestic market. As China is expected to be the biggest market for EVs by 2020, several foreign players are entering the market through joint ventures and partnerships. There are several growth opportunities for the vendors to develop new products in terms of performance, range, and low charging times.

Key vendors in the market include -

  • BAIC
  • BYD
  • FDG
  • Geely
  • Yutong
  • Wuzhoulong
  • Zotye

Other prominent vendors in the EV market in China are Chery, Changan, Dongfeng Motors, FAW, Great Wall Motor Company, GAC, SAIC, and BRILLIANCE AUTO.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the EV market in China?
  • What are the key market trends impacting the growth of the EV market in China?
  • What are the challenges to market growth?
  • Who are the key vendors in the EV market in China?
  • What are the market opportunities and threats faced by the vendors in the EV market in China?
  • Trending factors influencing the market shares of China.
  • What are the key outcomes of the five forces analysis of the EV market in China?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

An electric vehicle (EV), or an electric drive vehicle, uses one or more electric motors for propulsion. Depending on the type of vehicle, the motion may be provided by wheels or propellers or by linear motors. By 2020, China could be the world’s biggest market for EVs owing to the introduction of several government subsidies that favor the manufacture and adoption of such vehicles.

The report, electric vehicle market in China, is part of Technavio’s automotive research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as auto accessories, automotive components, automotive electronics, automotive manufacturing, automotive services, powertrain, and wheels and tires. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Report coverage

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • EV ecosystem

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by type

  • Electric passenger vehicle market in China
  • Electric commercial vehicle market in China

PART 07: Market segmentation by technology

  • BEV market in China
  • PHEV market in China

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 14: Key vendor analysis

  • BAIC Motors
  • BYD Auto
  • FDG
  • Geely
  • Wuzhoulong
  • Yutong
  • Zotye Auto

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio


Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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