NEW YORK, April 28, 2016 /PRNewswire/ -- China produced 379,000 new energy vehicles (occupying 1.5% of the total vehicle output) in 2015, a fourfold increase from a year ago, including 142,800 Battery Electric passenger vehicles and 63,600 plug-in hybrid passenger vehicles, both increasing three times year-on-year, 147,900 Battery Electric commercial vehicles, an increase of eight times from 2014, and 24,600 plug-in hybrid commercial vehicles, surging by 79% compared with the previous year.Up to now, the new energy vehicle ownership has approached 500,000 units in China, basically accomplishing the goal set in 2012. It is expected that EV ownership will exceed 5 million units in 2020.
In 2015, the annual output of Battery Electric logistics vehicles in China skyrocketed by 1,416% year on year to 45,700 units. The explosive growth was mainly reflected in the second half of 2015, especially December 2015 when the output reached 23,600 units. In 2016, the output is expected to hit 90,000 units. In 2016-2018, the fast-growing Chinese Battery Electric logistics vehicle market will slow down the pace with the CAGR of about 50%.
At present, China Battery Electric logistics vehicle industry is featured with relatively high market concentration. In 2015,13 companies achieved the output of over 1,000 units each, of which Dongfeng Motor seized 14.3% market share with 6,525 units, followed by Chongqing Ruichi, Shaanxi Tongjia and Chongqing Lifan.
The report highlights the followings:
Battery Electric logistics vehicle industry policies, including subsidies over the next five years, promotion plans, regional rules and new energy vehicle models which are exempted from purchase tax;
Status quo of global new energy vehicles, including output and sales volume in the United States, Europe and other major markets;
Status quo and trends of China's new energy passenger vehicle, bus and logistics vehicle industries;
Development prospects, supporting factors, development elements and hindrances of Battery Electric logistics vehicles in China;
Output, product structure, purchase and operating costs of Chinese Battery Electric logistics vehicles;
Operation and development strategies of 10 major Battery Electric logistics vehicle companies in China.
Read the full report: http://www.reportlinker.com/p03803140-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: email@example.com
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-battery-electric-logistics-vehicle-industry-report-2016-2020-300259888.html