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Strategic Analysis of China’s Electric Passenger Vehicle Market, 2018–2025
Strategic Analysis of China’s Electric Passenger Vehicle Market, 2018–2025
New Energy Vehicles (NEVs) and Government Regulations to Rapidly Boost Chinese EV Market
RELEASE DATE
26-Sep-2019
26-Sep-2019
REGION
Asia Pacific
Asia Pacific
Deliverable Type
Market Research
Market Research
Research Code: PA5A-01-00-00-00
SKU: AU01903-AP-MR_23651
$3,000.00
In stock
SKU
AU01903-AP-MR_23651
Description
In 2018, Chinese electric passenger vehicle sales increased by 78.3% year-on-year and achieved total sales of 1,181,920 units. Going forward, the electric passenger vehicle market is forecasted to experience rapid growth at a compound annual growth rate (CAGR) of 29.9% during 2018–2025.
China’s electric passenger vehicle market is greatly boosted by the Chinese government’s incentives to purchase electric vehicles, such as offering free license plates to new EV owners. However, the central government is likely to lessen the incentive amount in 2020, while regional governments are likely to withdraw their purchase incentives in 2019.
The new energy vehicle (NEV) credit policy will have a major impact on the production and sales of electric vehicle OEMs. Manufacturers have to ensure that they earn at least 10% of NEV credits in 2019 and 12% in 2020. NEV credits are issued based on the driving range and the rated power of the fuel cell system in use.
Battery electric vehicles (BEVs) are highly popular in China, accounting for 76.8% of the market share, followed by plug-in hybrid electric vehicles (PHEVs). The purchase incentives for BEVs are higher, which is the main factor contributing to the growth of this sector. Comparatively, fuel cell electric vehicles (FCEVs) will increase their market visibility towards 2025.
BYD Co., Ltd., Beijing New Energy Automobile Co., Ltd. (BJEV), Shanghai Automotive Industry Corporation (SAIC) Motor Co., Ltd., Zhejiang Geely Holding Group Co., Ltd, and Chery Automobile Co., Ltd., are the top 5 market leaders in the electric passenger vehicle market. BYD will continue its dominance with its advanced battery technology and strong product offerings. More joint ventures and start-ups are expected in China in the long term.
Research Scope
This study aims to provide strategic insight into the electric passenger vehicle market in China. It offers a carefully analyzed sales outlook. It presents the current scenario in the electric passenger vehicle market, focusing in particular on battery electric vehicles and plug-in hybrid electric vehicles. It discusses the growth opportunities and trends up to 2025.
Key Features
- To provide a strategic overview of the electric passenger vehicle market in China, including market engineering metrics, market drivers, and market restraints
- To estimate the market size and sales potential of the electric passenger vehicle market in China towards 2025
- To discuss market insights concerning key participants and start-up companies that will determine market growth
- To provide a competitive analysis of various automotive OEM market shares and upcoming products
- To present an actionable set of recommendations for stakeholders to grow in the Chinese electric passenger vehicle market
Key Issues Addressed
- What are the factors affecting the development of the Chinese electric passenger vehicle market?
- How do governmental regulations impact the electric passenger vehicle market in China?
- What are the key drivers and restraints in the Chinese electric passenger vehicle market?
- Who are the key market participants in the electric passenger vehicle market in China?
- How can start-up companies successfully penetrate the electric passenger vehicle market in China?
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Executive Summary—Key Findings
Executive Summary—Market Engineering Measurement
Executive Summary—Electric Vehicle Market Outlook in China
Executive Summary—Electric Vehicle Market Development Roadmap
Executive Summary—SWOT Analysis
Executive Summary—Key Conclusions and Future Outlook
Research Scope
Research Aims and Objective
Key Questions this Study will Answer
Research Background
Research Methodology
Market Drivers
Market Drivers Explained
Market Drivers Explained (continued)
Market Drivers Explained (continued)
Market Restraints
Market Restraints Explained
Market Restraints Explained (continued)
Government Regulations—New Energy Vehicle (NEV) Credit Policy
Government Regulations—Purchase Incentives Overview
Government Regulation—Reward Incentive for Electric Vehicle Applications
Market Overview—Passenger Vehicle Powertrain Snapshot in 2018
Market Overview—Emission Standard
Market Overview—Charging Infrastructure Market Snapshot
Executive Summary—Electric Vehicle Market Development Roadmap
Executive Summary—SWOT Analysis
Forecasts and Trends—Market Engineering Measurements
Forecasts and Trends—Electric Vehicle Unit Shipment Forecast
Forecasts and Trends—Forecast Scenario Assumptions
Comparative Analysis—Top Selling Electric Vehicle Models in 2018
Comparative Analysis—Electric Vehicle Market Breakdown by OEMs
Comparative Analysis—Electric Vehicle Market Breakdown by Powertrain
Case Study—Best Selling Electric Vehicle Profiles
Key OEM Profile—BYD Co., Ltd.
Key OEM Profile—Beijing New Energy Automobile Co., Ltd. (BJEV)
Key OEM Profile—SAIC Motor Co., Ltd.
Case Study—Electric Vehicle Start-ups in China
Case Study—Key Joint Venture and Collaboration Activities in China
Growth Opportunity—Electric Passenger Vehicle Market in China
Strategic Imperatives for Success and Growth
Key Trends and Recommendations
The Last Word—3 Big Predictions
Legal Disclaimer
Acronyms Used
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
In 2018, Chinese electric passenger vehicle sales increased by 78.3% year-on-year and achieved total sales of 1,181,920 units. Going forward, the electric passenger vehicle market is forecasted to experience rapid growth at a compound annual growth rate (CAGR) of 29.9% during 2018–2025.
China’s electric passenger vehicle market is greatly boosted by the Chinese government’s incentives to purchase electric vehicles, such as offering free license plates to new EV owners. However, the central government is likely to lessen the incentive amount in 2020, while regional governments are likely to withdraw their purchase incentives in 2019.
The new energy vehicle (NEV) credit policy will have a major impact on the production and sales of electric vehicle OEMs. Manufacturers have to ensure that they earn at least 10% of NEV credits in 2019 and 12% in 2020. NEV credits are issued based on the driving range and the rated power of the fuel cell system in use.
Battery electric vehicles (BEVs) are highly popular in China, accounting for 76.8% of the market share, followed by plug-in hybrid electric vehicles (PHEVs). The purchase incentives for BEVs are higher, which is the main factor contributing to the growth of this sector. Comparatively, fuel cell electric vehicles (FCEVs) will increase their market visibility towards 2025.
BYD Co., Ltd., Beijing New Energy Automobile Co., Ltd. (BJEV), Shanghai Automotive Industry Corporation (SAIC) Motor Co., Ltd., Zhejiang Geely Holding Group Co., Ltd, and Chery Automobile Co., Ltd., are the top 5 market leaders in the electric passenger vehicle market. BYD will continue its dominance with its advanced battery technology and strong product offerings. More joint ventures and start-ups are expected in China in the long term.--BEGIN PROMO--
Research Scope
This study aims to provide strategic insight into the electric passenger vehicle market in China. It offers a carefully analyzed sales outlook. It presents the current scenario in the electric passenger vehicle market, focusing in particular on battery electric vehicles and plug-in hybrid electric vehicles. It discusses the growth opportunities and trends up to 2025.
Key Features
- To provide a strategic overview of the electric passenger vehicle market in China, including market engineering metrics, market drivers, and market restraints
- To estimate the market size and sales potential of the electric passenger vehicle market in China towards 2025
- To discuss market insights concerning key participants and start-up companies that will determine market growth
- To provide a competitive analysis of various automotive OEM market shares and upcoming products
- To present an actionable set of recommendations for stakeholders to grow in the Chinese electric passenger vehicle market
Key Issues Addressed
- What are the factors affecting the development of the Chinese electric passenger vehicle market?
- How do governmental regulations impact the electric passenger vehicle market in China?
- What are the key drivers and restraints in the Chinese electric passenger vehicle market?
- Who are the key market participants in the electric passenger vehicle market in China?
- How can start-up companies successfully penetrate the electric passenger vehicle market in China?
| Deliverable Types | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Lily Zhou |
| Industries | Automotive |
| WIP Number | PA5A-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9673-A6,9800-A6,9882-A6,9AF6-A6 |