Nissan Ariya: UK pricing starts from £43,845 and the full line up available to order from July 5th

More

All-electric Citroen e-C4 X is four-door fastback with added SUV attitude

More

DS 7 E-TENSE arrives with revised look and new 360hp PHEV variant

More

Hyundai Unveils Design of All-Electric IONIQ 6, Electrified Streamliner with Mindful Interior Design

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

EV Powertrains to Reach 4.2% in the Chinese Market by 2020, Finds Frost & Sullivan

With the Chinese Government’s push and pull strategy of new energy vehicle development, gasoline powertrains’ unit production market share is expected to slightly reduce to 94.9 percent, while the electric vehicle powertrain segment’s share will expand to 4.2 percent by 2020.

To accelerate the growth of the new energy vehicle market, the Government has provided cash rebates and imposed buying and driving restrictions for target models, including battery, plug-in hybrid and fuel cell EVs.

Vehicle original equipment manufacturers (OEMs) across the country are adapting to these new developments and restructuring their powertrain mix to prepare for the future market scenario.

New analysis from Frost & Sullivan, Strategic Analysis of the Chinese Powertrain Market, finds that the passenger vehicle (PV) market is concentrating on gasoline, diesel and electric powertrains.

“Besides the New Energy Vehicle Development Program, the Chinese Government has launched the National Program for Medium-to-Long-Term Scientific and Technological Development and 863 Program to transform the Chinese automotive manufacturing industry,” said Frost & Sullivan Automotive & Transportation Research Associate Ming Lih Chan. “These initiatives will open up revenue opportunities for existing and new entrants in the Chinese powertrain market.”

However, with the improvement of the public transportation system, the public transport commuting ratio is expected to increase, adversely impacting the PV powertrain market in China. Along with this, the saturation of the PV market in tier I and II cities is denting the prospects of powertrain OEMs in the country.

Further, the unfavourable image of diesel engines among Chinese consumers is hampering the development of the diesel powertrain segment. On the other hand, the lack of awareness and shortages of key EV components have been the main factors restraining the EV powertrain segment.

“Notwithstanding these challenges, the Chinese powertrain market will remain buoyant, with increased customer purchasing power and self-esteem needs triggering vehicle sales,” noted Chan. “Companies that can complete the EV components supply chain will be the most-valued in the Chinese automotive industry.”

Mar 18, 2015Blagojce Krivevski
BMW X5 xDrive40e Going On Sale In US This FallVolvo 7900 Electric Hybrid Bus in Operation in Stockholm
You Might Also Like
 
BMW to build all-electric MINI in China
 
Miles Electric Vehicles Filed for Bankruptcy
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

March 18, 2015 Electric Car Newschina, electric vehicles, EV Powertrain
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
Jaguar Land Rover partners with Andersen EV for luxury, customisable home charging
July 5, 2022
Renault 5 Diamant is an electric show-car to celebrate model’s 50th anniversary
July 5, 2022
City Transformer and Segula Technologies announce engineering collaboration
July 5, 2022
All-new MG4 EV hatchback confirmed for UK debut in September
July 4, 2022
Volvo Cars reports June sales – 32% market share of electrified cars
July 4, 2022
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Jaguar Land Rover partners with Andersen EV for luxury, customisable home charging
July 5, 2022
Renault 5 Diamant is an electric show-car to celebrate model’s 50th anniversary
July 5, 2022
City Transformer and Segula Technologies announce engineering collaboration
July 5, 2022
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.