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Electric Vehicle Market in China 2016-2020

About the Electric Vehicle (EV) Market in China

An EV (also referred to as electric drive vehicle) is powered by an electric motor. EVs use batteries to store energy, which is supplied to electric motors. A controller regulates the energy flow from the battery to electric motor based on the requirement gauged by the driver's force applied on the accelerator pedal. This torque is transferred to the wheels and propels the vehicle.

Technavio’s analysts forecast the electric vehicle market in China to grow at a CAGR of 30.3% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the electric vehicle market in China for 2016-2020. The market is segmented based on the technology type:

  • BEVs
  • PHEVs
555 Technavio's report, Electric Vehicle (EV) Market in China 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BAIC Motors
  • BYD
  • FDG
  • Geely
  • Wuzhoulong
  • Yutong
  • Zotye Auto
Other prominent vendors
  • BRILLIANCE AUTO
  • Changan
  • Chery
  • Dongfeng Motors
  • FAW
  • GAC
  • Great Wall Motor Company
  • SAIC
Market driver
  • Monetary subsidies empowering EVs to become competitively priced with ICE vehicles
  • For a full, detailed list, view our report
Market challenge
  • Range anxiety of EVs
  • For a full, detailed list, view our report
Market trend
  • Low vehicle per capita and high rural to urban migration to offer an attractive electric car market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Electric Vehicle (EV) Market in China 2016-2020

Technavio recognizes the following companies as the key players in the electric vehicle market in China: BAIC Motors, BYD, FDG, Geely, Wuzhoulong, Yutong, and Zotye Auto.

Other Prominent Vendors in the market are: BRILLIANCE AUTO, Changan, Chery, Dongfeng Motors, FAW, GAC, Great Wall Motor Company, and SAIC.

Commenting on the report, an analyst from Technavio’s team said: “A trend which is expected to boost market growth is the low ownership of vehicles per capita and the migration from rural to urban areas. Low penetration rate of passenger cars in China has made the region one of the most attractive markets for global automakers. The massive size of the country (home to the world’s largest population) offers immense potential in terms of vehicle penetration per capita.”

According to the report, a key growth driver is the monetary subsidies which are making EVs to become competitively prices. Electrifying public transport has gained importance in China. The Chinese government has supported both manufacturers and customers to encourage the use of EVs. In line with this, the Chinese government has rolled out initiatives designed to encourage the use of EVs.

Further, the report states that one challenge that could restrict market growth is the anxiety surrounding the range of travel offered by EVs. The storage capacity of the battery in an EV poses a key challenge faced by customers (as a result most customers fear to venture far from a charging station).

Companies Mentioned

BAIC Motors, BYD, FDG, Geely, Wuzhoulong, Yutong, Zotye Auto, BRILLIANCE AUTO, Changan, Chery, Dongfeng Motors, FAW, GAC, Great Wall Motor Company, SAIC.

  • Executive summary
    • Highlights
  • Scope of the report
    • Report coverage
      • Table Scope of the report
      • Table Definition of products
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table EVs classification
      • Table EV charging technologies
    • EV ecosystem
      • Table EV ecosystem in China
      • Table EV battery manufacturing procedure
      • Table Value chain of Evs
      • Table Who supplies whom matrix
  • Market landscape
    • Market overview
      • Table Segmentation of EV market in China
    • Market size and forecast
      • Table EV market in China 2015-2020 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Table EV market in China by type 2015-2020
    • Table EV market in China by type 2015-2020 (thousands of units)
    • Electric passenger vehicle market in China
      • Table Passenger EV market in China 2015-2020 (thousands of units)
      • Table Electric car sales 2014 and 2015
      • Table Passenger EV sales versus total passenger car sales 2015-2020
      • Table Electric passenger car sales based on propulsion technology 2015
    • Electric commercial vehicle market in China
      • Table Electric commercial vehicle market in China 2015-2020 (thousands of units)
      • Table Commercial EV sales versus total commercial vehicle sales 2015-2020
      • Table Pure electric bus market in APAC 2015-2020
      • Table China's share in APAC pure electric bus market 2015
      • Table Electric commercial vehicle sales based on technology 2015
  • Market segmentation by technology
    • Table EV market in China by propulsion 2015-2020
    • Table EV market in China by propulsion technology 2015-2020 (thousands of units)
    • BEV market in China
      • Table BEV market in China 2015-2020 (thousand of units)
      • Table Top five BEV cars sold in China 2015
    • PHEV market in China
      • Table PHEV market in China 2015-2020 (millions of units)
      • Table Top three PHEV cars sold in China 2015
  • Market drivers
    • Table China passenger car and light-duty vehicle emission standards
    • Table China heavy-duty vehicle emission standards
    • Table Annual emission comparisons per vehicle type 2015
    • Table Government purchase
    • Table Electric vehicle supply equipment stock in China 2014 and 2015
    • Table Subsidies for electric passenger cars based on drive range 2016
    • Table Subsidies for electric commercial vehicles based on length 2016
    • Table Operational subsidy for EV buses based on bus length
    • Table Tax exemptions
    • Table Cost comparison for a bus to travel 100 km
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Price comparison of diesel, hybrid, and electric bus ($)
    • Table CO2 emission by different sectors from fossil fuel combustion in China
    • Table Level 1 and Level 2 range availability per hour charge time
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Chinese population split by age group 2015 and 2050 (years)
    • Table Urban population and disposable income in China 2015-2020
    • Table Chinese vehicle demand based on purchase pattern 2011-2016
    • Table Vehicle demand based on purchase pattern for key countries 2015
    • Table China's disposable per capita and vehicle per capita per 1,000 people 2015-2020
  • Vendor landscape
    • Competitive scenario
      • Table Vendors' share in electric passenger car market in China 2015
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • BAIC Motors
      • Table BAIC: Product portfolio
      • Table BAIC: Partnerships
    • BYD Auto
      • Table BYD: Product portfolio
      • Table BYD: Recent developments
    • FDG
      • Table FDG EVs product portfolio
    • Geely
      • Table Geely: Product portfolio
      • Table Geely: Patnerships
    • Wuzhoulong
      • Table Wuzhoulong: Electric bus portfolio
      • Table Wuzhoulong: Product portfolio
      • Table Wuzhoulong: Recent developments
    • Yutong
      • Table Yutong: Electric bus portfolio
      • Table Yutong: Recent developments
    • Zotye Auto
  • Appendix
    • List of abbreviations
  • Explore Technavio

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