Published on : Aug 01, 2016
ALBANY, New York, August 01, 2016: ResearchMoz.us has announced the addition of the “Electric Vehicles Markets in China” report to its offering. The report offers an in-depth analysis of the electric vehicles market in China and a comprehensive study of the driving factors, constraints, opportunities, and trends in the market. Quantitative methods and economic models are implemented in the study to illustrate industry trends and market demand. The key players dealing in this vertical and their vital contributions to the market have also been presented in the study.
An electric vehicle is an electrically powered vehicle using one or more electric motors for propulsion. It uses the energy stored in rechargeable batteries through a controller, which synchronizes the amount of power as per the driver’s use of the accelerator pedal. A vehicle can be exclusively driven by electricity or by a hybrid powertrain, which uses both gasoline and battery power.
The report offers economic and technological insights into the China electric vehicles market. The various factors affecting the business environment, including population, labor, tax regulations and custom duties, banking system regulations, enterprise development, and foreign exchange have also been reviewed in the report.
The report mentions a detailed description of the drivers, restraints, and opportunities governing the growth of the electric vehicles market in China. The use of electric vehicles reduces the dependency of China on oil imports, thus promoting the use of indigenous resources. This will also reduce the vulnerability of China to global supply fluctuations.
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In the long run, the use of electric vehicles could also rescue China from the unwanted tag of the world’s largest carbon dioxide emitter, as battery-powered electric vehicles can potentially cut down the emission of carbon dioxide by nearly 40%. Furthermore, a flourishing domestic market for electric vehicles will help the China electric vehicles industry leapfrog its global competitors. However, the market is not performing as per expectations: The lack of charging piles, uncompetitive batteries, and low popularity amongst customers have made China fall behind its own goals.
Consumer spending trends are analyzed in the report by dividing the market regionally into the Eastern, Northern, Central, Southern, and Western markets. The various factors playing a key role in strategizing the marketing of electric vehicles are licensing, franchising, e-commerce, distribution channels, transportation and freight infrastructure, communication and technology, trading companies, and joint ventures.
The report gives an overview of the various types of electric vehicles and their sales by volume and revenue. Ground electric vehicles, plug-in electric vehicles, hybrid electric vehicles, on- and off-road electric vehicles, railborne electric vehicles, space rover vehicles, airborne electric vehicles, seaborne electric vehicles, and electrically powered spacecraft are the types of electric vehicles mentioned in the report.
The report also examines the competitive landscape of the electric vehicles market in China. It covers the statistics provided by the China Association of Automobile Manufacturers (CAAM). The possibilities and threats for the new entrants in the market form an important part of the report.
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