Electric Vehicle in China: Comprehensive Market Assessment by Solidiance
Summary
Shanghai, China, November 28, 2013 --( But despite this aggressive effort, the sales results and adoption rates of electric vehicle are to be significantly lower than originally expected.The adoption of green vehicle is hindered mainly due to the markets unfamiliarity of it, its high price, immature technology, insufficient infrastructure, and limited car models.Marketing contact information: Sitaresti Astarini Regional Executive Marketing Communication of Solidiance pr@solidiance.com Company website: www.solidiance.com Shanghai, China, November 28, 2013 --( PR.com )-- China is expected to account for 25% of the worlds total energy consumption by 2020, and road transport sector has been and is expected to remain, the largest energy consumer in the industry with private cars sales in particular is projected to hit 200 million units by 2020.The government aims to reduce CO2 emission to reach 17% per unit GDP by 2015 and encourages 10,000 companies in the automotive sector through different incentives to meet this target with penalties imposed for those who fail to comply.But despite this aggressive effort, the sales results and adoption rates of electric vehicle are to be significantly lower than originally expected.Eventually after 2020, OEMs are projected to have gained enough knowledge to do mass production of BEV, supported with adequate infrastructure development and improved consumers confidence towards BEV.More comprehensive insights are disclosed within the "Electric Vehicle in China" white paper about the current market overview of the industry, the barriers and opportunities of electric / green vehicles adoption in China, market trends currently favored by foreign and local players, as well as the forecast of the industry development in the coming future.The full version of the white paper is free to download on http://www.solidiance.com/whitepaper/electric-vehicle-in-china.pdf.About SolidianceSolidiance is a dedicated B2B growth strategy and marketing consultancy firm with focus on Asia.