Electric Vehicle Market In China 2023-2027
The electric vehicle market in China is forecasted to grow by USD 268.22 bn during 2022-2027, accelerating at a CAGR of 16.24% during the forecast period. The report on the electric vehicle market in China provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for fuel-efficient and low-emission vehicles, increasing government support, and a rise in technological advancements.
Technavio's electric vehicle market in China is segmented as below:
By Technology
By Type
- Passenger vehicles
- Commercial vehicles
This study identifies the charging stations powered through renewable energy as one of the prime reasons driving the electric vehicle market in China growth during the next few years. Also, increasing average miles driven by EVs on a single charge and the growing number of mergers and acquisitions in the market in focus will lead to sizable demand in the market.
The report on the electric vehicle market in China covers the following areas:
- Electric vehicle market in China sizing
- Electric vehicle market in China forecast
- Electric vehicle market in China industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle market in China vendors that include AB Volvo, BAIC Group, Brilliance China Automotive Holdings Ltd., BYD Co. Ltd., Chery Automobile Co. Ltd., China FAW Group Co. Ltd., Chongqing Changan Automobile Co. Ltd., Dongfeng Motor Group Co. Ltd., Great Wall Motor Co. Ltd., Guangzhou Automobile Group Co. Ltd., Hyundai Motor Co., Nissan Motor Co. Ltd., SAIC Motor Corp. Ltd., Tesla Inc., Toyota Motor Corp., Xiamen King Long United Automotive Industry Co. Ltd., Zhejiang Geely Holding Group Co. Ltd., Zhengzhou Yutong Group Co. Ltd., Zhongtong Bus Holding Co. Ltd., and Zotye Holding Group Co. Ltd.. Also, the electric vehicle market in China analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.