China Leads Electric Vehicle Market (BEV, PHEV) 2020 Forecasts, say New Research Reports
PUNE, India, April 22, 2016 /PRNewswire/ --
ReportsnReports.com adds "Global and China Electric Vehicle (BEV, PHEV) Industry Report, 2016-2020" and "China Battery Electric Logistics Vehicle Industry Report, 2016-2020" with 2020 Forecasts to its online business intelligence library.
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.
Complete report of 152 pages is available at http://www.reportsnreports.com/reports/524024-global-and-china-electric-vehicle-bev-phev-industry-report-2016-2020.html .
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.
Chinese Electric Vehicle Manufacturers are SAIC Motor, FAW Group, Dongfeng Motor Corporation, BYD, Changan Automobile, Chery Automobile, GEELY, BAIC Group, GAC Group, Brilliance Auto, Great Wall Motor, JAC and Zotye. Order a copy of Global and China Electric Vehicle (BEV, PHEV) Industry Report, 2016-2020 at http://www.reportsnreports.com/purchase.aspx?name=524024 .
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.
Explore more Automotive market reports http://www.reportsnreports.com/market-research/automotive/ .
Another latest research titled China Battery Electric Logistics Vehicle Industry Report, 2016-2020 says that 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.
Battery Electric Logistics Vehicle Manufacturers are Dongfeng Motor, Chongqing Ruichi, Shaanxi Tongjia Automobile, Chongqing Lifan, Jiangsu Aoxin New Energy, GuohongCar, BAIC Motor, NLM Motor, Wuhu Bodge Automobile and Tianjin Qingyuan Electric Vehicle.
Browse complete report at http://www.reportsnreports.com/reports/532295-china-battery-electric-logistics-vehicle-industry-report-2016-2020.html .
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