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Electric Vehicles Market in China 2010
Netscribes (India) Pvt Ltd, Sep 2010, Pages: 35
The electric vehicles market which includes battery electric vehicles, plug-in hybrid electric vehicles, hybrid electric vehicles and fuel cell electric vehicles has been pegged at USD 1800 mn in 2008. Traditional players of automobile from North America are finding great opportunity in the electric vehicle market in China. Startup companies, whether domestic or foreign players, are looking to invest in the market. Vehicles are powered by lithium-ion batteries which have quite a high power-to-weight ratio and hence are considered to be the best battery for an automotive application. Government, along with domestic players, is looking for lithium-ore mines which show strong growth opportunity for EV market. Government initiatives and subsidies coupled with localization of electric vehicles and its parts manufacturers in China will drive the electric vehicle market in China.
The report begins with an introduction of electric vehicles market indicating different type of electric vehicles and its power sources. It provides information regarding the Chinese automobile market including an overview, automotive sales and share of electric vehicles in 2012 and 2030. This is following by an overview of the electric vehicles market in China and includes its market size and growth, and segmentation. It further talks about advantages and challenges behind different types of electric vehicles namely battery electric vehicles, plug-in hybrid electric vehicles, hybrid electric vehicles and fuel cell electric vehicles.
It discusses the initiatives taken by the government, indicating the fund allocated for development of electric vehicles, governments target for the number of EV developed and subsidies for different types of vehicles.
An analysis of drivers explain factors contributing to the growth of electric vehicles market including depleting and dependency on oil reserves, development of battery manufacturers, development of charging stations, development of smart grid, first time car buyer and population advantage. The key challenges identified include high cost of electric vehicles, lack of awareness about energy efficient vehicles and performance shortcomings.
Competition section provides brief profiles of major domestic and foreign players in the market. The section contains a snapshot of their corporation, financial performance and business highlights, providing an insight into the existing competitive scenario.
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