NEW YORK, April 18, 2016 /PRNewswire/ -- In 2015, global and Chinese electric vehicle markets were still in the accelerated growth phase; wherein, the global electric vehicle (EV & PHEV) sales volume reached 549,000, increasing by 72.83% year on year; China sold 331,100 electric vehicles, with a year-on-year surge of 343%. From January to February of 2016, the sales volume in China totaled 35,700, going up 1.7 times year on year and marking the sustainable growth.
Affected by multiple factors such as environmental requirements, new technologies and business promotion, the future global and Chinese electric vehicle markets will maintain a rapid development pace. Global and China's sales volume is expected to exceed the 2 million mark in 2019 and 2020 respectively, and China will become the world's leading electric vehicle (EV & PHEV) market.
From the point of view of market segments:
Passenger Vehicle Market: The demand for plug-in hybrid vehicles which are more in line with the current consumer habits is growing radically, with a rising market share. In 2015, the sales volume amounted to 63,700, with 30.8% market share; in the first two months of 2016, it climbed to 9,727 with 41.2% market share. Chinese plug-in hybrid passenger vehicle manufacturers mainly refer to BYD, SAIC Roewe, GAC Trumpchi, BMW Brilliance, Volvo and the like. With two models --- Qin and Tang, BYD garners the overwhelming share in this market, namely 79% in 2015 and 80% in the first two months of 2016. In future, joint ventures will perform more actively; FAW-Volkswagen (Golf plug-in, Bora plug-in, Magotan plug-in), Shanghai GM (LaCrosse plug-in), Honda (Accord plug-in), Dongfeng Peugeot, Dongfeng Yulong, DongfengYueda Kia (K5 plug-in) plan to launch plug-in hybrid models in 2020.
Bus Market: The output escalated 313% year on year to 112,400 in 2015 and rose 39.48% year on year to 4,430 in the first two months of 2016. The main reason for the slowing growth rate lied in adjusted subsidies. Currently, the market is primarily promoted by the government and subsidies, and the market size will reach about 200,000 buses in 2020. In 2015, main players in this market embraced Yutong Bus, Xiamen King Long Motor Group (including three wholly-owned subsidiaries: Higer Bus, Xiamen King Long United Automotive Industry, Xiamen Golden Dragon Bus), Zhongtong Bus, etc.. In 2016, the changes in subsidies will encourage bus companies to prioritize high-performance products with more than 8 meters.
Special Purpose Vehicle Market: The output soared 10.7 times year on year to 47,800 in 2015; in the first two months of 2016, the output jumped by 115.55% year on year to 804. The future growth of segments will be mainly dependent on the rapid development of the logistics industry and the swelling demand for urban logistics vehicles. In 2015, Dongfeng Motor ranked first in the market, with 13.91% market share. BAIC, SAIC, BYD, Yutong and other powerful companies have also targeted this market, which will intensify the market competition.
The report highlights the followings:
Major policies about electric vehicle industry in China;
Sales volume of electric vehicles, competitive pattern and development trend worldwide;
Sales volume of electric vehicles, competitive pattern and development trend in China;
Production and sale and competitive landscape of electric vehicle market segments in China, involving electric passenger vehicle (BEV, PHEV), electric bus (BEV, PHEV), and electric logistics vehicle;
Electric vehicle industry chain in China, covering charging pile, battery, motor, inverter, and IGBT;
Status quo, production bases, capacity, planning for vehicle models, development strategies, etc. of key Chinese electric vehicle manufacturers.
Read the full report: http://www.reportlinker.com/p03767879-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/global-and-china-electric-vehicle-bev-phev-industry-report-2016-2020-300253134.html